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USDTRY September, 01 2020
Overview:
The above chart shows that the pair is trading below a strong resistance level around 7.4055, which enhances the downside chances during today's trading.
Expected:
Continuing to trade below the aforementioned resistance level, may push the pair down to 7.2780
Alternative Scenario:
On the other hand, we think that if the level of 7.4055 is broken to the upside, this pair might push up to 7.4450
| Resistance | 7.4055 | 7.4450 | 7.4650 |
| Support | 7.2780 | 7.2750 | 7.2700 |
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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