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

EMERGING MARKETS
  • USDZAR recently pierced resistance at 19.1386, the Dec 11 high. A clear break of this level would strengthen a bullish theme and signal scope for a climb towards 19.6399, the Oct 6 high. The latest pullback is - for now - considered corrective. Key support has been defined at 18.1092, the Dec 15 low. Initial support to watch is at 18.5385, the Jan 12 low. A break of this level would be a bearish development.
  • The path of least resistance in USDTRY is unchanged and remains up as the USD continues to appreciate against TRY. Initial support lies at 30.0234, the 20-day EMA. The 30.00 handle has been cleared, this opens 31.00.
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  • USDZAR recently pierced resistance at 19.1386, the Dec 11 high. A clear break of this level would strengthen a bullish theme and signal scope for a climb towards 19.6399, the Oct 6 high. The latest pullback is - for now - considered corrective. Key support has been defined at 18.1092, the Dec 15 low. Initial support to watch is at 18.5385, the Jan 12 low. A break of this level would be a bearish development.
  • The path of least resistance in USDTRY is unchanged and remains up as the USD continues to appreciate against TRY. Initial support lies at 30.0234, the 20-day EMA. The 30.00 handle has been cleared, this opens 31.00.