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USD/TRY rate rallies further, and......>

TURKISH LIRA
TURKISH LIRA: USD/TRY rate rallies further, and spills above key Fib resistance
at the Try5.6304 level (23.6% of Try7.2362-5.1344) opening the door to further
gains. 5.7097 is the next target ahead of 5.8788 (the YTD) high and the 38.2%
Fib for the Try7.2362-5.1344 move at 5.9373. Bulls may be wary, however, as the
day's firm USD/TRY rally has tilted the RSI well into overbought territory -
last at 75.9.

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