The currency pair US Dollar against the Turkish Lira USD/TRY continues to move within the framework of correction. At the time of publication of the forecast, the US Dollar rate for the Turkish Lira is 6.66. At the moment, we should expect an attempt to test the bottom of the uplink near the 6.40 area and continue the pair’s growth to the level above 7.13.
USD/TRY forecast Turkish Lira September 6, 2018
In favor of the growth of quotations of Turkish Lira will test the trend line on the indicator of relative strength index (RSI), as well as test the lower boundary of the bullish channel. Canceling the USD/TRY growth option for Forex will be the fall and breakdown of the area of 6.25, which will indicate the breakdown of the lower border of the bullish channel and the continuation of the fall of quotations in the area below the level of 5.95. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of the USD/TRY pair quotations above the level of 6.80.
USD/TRY forecast Turkish Lira September 6, 2018 assumes an attempt to test the support area near the level of 6.40 and continue growth to the level above 7.13, an additional signal in favor of the pair’s growth on Forex will test the support line on the indicator of relative strength index (RSI).
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