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TRY extends its losses, despite the....>

TURKISH LIRA
TURKISH LIRA: TRY extends its losses, despite the better risk on tone in early
European trading, which is benefiting the Rand.
**TRYZAR broke through the 50d MA last week and now through trend line. Most
market participant will now look at the 100d MA, situated today at 2.5482 as
next support area of interest.
-USDTRY is testing psych resistance at 7.10, ahead of 7.1662 and all time high
at 7.2362 further out.

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