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Alert - 16:50 (CET) - UsdTry
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The UsdTry is trading at 1.6572, ranging from 1.6330 to 1.6752. The current price is over yesterday's close at 1.6330. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are over the 200-day EMA.
The resistances are being watched at 1.7000 (psychological), 1.7387 (October 23rd high), and 1.8000. The supports are set at 1.5873 (October 12th low), 1.4698 (November 4th low) and 1.3698 (October 14th low).
Between the risk aversion of the stock markets and the hope that the IMF will help Turkey's financial sector, the Lira is having a difficult session. This way, the greenbak is accumulating 1.41%% against the Turkish Lira.
Checking the hourly graphics again, the current price is under the 100.00% (1.7207) and over the 61.80% (1.5017) Fibonacci retracement lines. The volatility per hour could reach 530 pips and the 60-minute Relative Strenght Index (RSI) is at 60 points, rebounding from the overbought area.
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