USD/TRY Price Analysis: Bulls jostle with monthly resistance near $13.60 By anilpanchal7 USDTRY Technical Analysis ChartPatterns SwingTrading SupportResistance
Sustained trading beyond 100-SMA, gradually rising RSI favor buyers.USD/TRY seesaws around monthly resistance line, close to $13.55-60 heading into Friday’s European session.
However, a clear upside break of $13.60 becomes necessary for them to challenge January’s peak surrounding $13.94. Alternatively, pullback moves may initially aim for the 100-SMA level of $13.49, a break of which will direct the quote towards the short-term horizontal support near $13.25. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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