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CEEMEA FX Price Signal Summary - USDTRY Path Of Least Resistance Remains Up

EMERGING MARKETS
  • USDZAR is holding on to the bulk of its recent gains. A more neutral trend condition dominates for now. Key resistance to watch is 19.1386, the Dec 11 high. A break would strengthen a bullish theme and signal scope for a climb towards 19.6399, the Oct 6 high. On the downside, key support has been defined at 18.1092, the Dec 15 low.
  • The path of least resistance in USDTRY is unchanged and remains up as the USD continues to appreciate against TRY. Initial support lies at 29.4013, the 20-day EMA. Sights are on the 30.00 handle.

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