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Political turmoil continues to.........>

TURKISH LIRA
TURKISH LIRA: Political turmoil continues to pressure the Lira which has fallen
for the third consecutive session. Having cleared the key Try6.00 level with
ease yesterday, USDTRY extends to multi-month highs of Try6.1982. The Oct 4 high
at Try6.2282 provides the next area of resistance.
- Despite forming a golden cross yesterday (50-dma above 200-dma), technical
indicators from RSI, Bollinger band, MACD & MAE are generating heavily
overbought conditions.

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