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USD/TRY Looking to Leave the 200dma Behind

TURKEY
  • USD/TRY approaching yesterday's low
  • Today looking like the first truly consolidated push below the 200dma
  • but will need to take out 7.3109 for confirmation of the next leg
  • Sell-side 3m targets still 7.00 for the cross, 6m targets 7.50
  • Sup1: 7.3109, Sup2: 7.25, Sup3: 7.2165
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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