Analysts at Commerzbank, consider the USD/TRY pair is set to oscillate further around the 200-day moving average at 7.3169, stabilizing in the short-term Key Quotes: “USD/TRY’s recent decline has taken it to the 200 day moving average at 7.3169 around which we expect the currency pair to now short-term stabilise. If not, we would have to allow for the 7.2692 May high and also the 7.2081 August 21 low to be reached. Further down the July high can be found at 7.0153 and the August low at 6.8916.” “We will retain our neutral stance while the cross stays below the 8.0287/0530 late November and December highs.” “Resistance below these levels comes in at the 7.4945/5195 late September and November lows and also along the three month resistance line at 7.6971 and the 55 day moving average at 7.8588.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S&P 500 slumps more than 2% following another record open FX Street 11 months Analysts at Commerzbank, consider the USD/TRY pair is set to oscillate further around the 200-day moving average at 7.3169, stabilizing in the short-term Key Quotes: “USD/TRY’s recent decline has taken it to the 200 day moving average at 7.3169 around which we expect the currency pair to now short-term stabilise. If not, we would have to allow for the 7.2692 May high and also the 7.2081 August 21 low to be reached. Further down the July high can be found at 7.0153 and the August low at 6.8916.” “We will retain our neutral stance while the cross stays below the… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
