The currency pair US Dollar against the Turkish Lira USD/TRY continues to move in the framework of the upward correction. At the time of the publication of the forecast, the course of the US Dollar to the Turkish Lira is 5.43. At the moment, we should expect an attempt to test the support level near the 5.35 area and continue the pair’s growth to the area above the level of 5.80.
USD/TRY forecast Turkish Lira December 6, 2018
In favor of the growth of quotes of the Turkish Lyra, a test of the trend line on the relative strength index (RSI) will be made. As well as a rebound from the broken border of the downward channel. Cancellation of the growth option USD/TRY on FOREX will be the fall and the breakdown of the 5.20 area. This will indicate a breakdown of the support area and a continued decline in quotations to the area below the level of 5.00. It is worth waiting for the confirmation of the pair growth with the breakdown of the resistance area and closing of the USD/TRY quotes above the 5.55 level.
USD/TRY forecast Turkish Lira December 6, 2018 implies an attempt to test the support area near the level of 5.35. Then, continued growth in the area above the level of 5.80. An additional signal in favor of the pair growth at Forex will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of the US Dollar against the Turkish Lyra will be the fall and the breakdown of the level of 5.20.
