USD/TRY burst higher to around the 78.6% Fibonacci retracement at 8.2200 before coming off again. A rise above 8.2822 would target the November peak at 8.5814, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. See: USD/TRY to reach new all-time highs in the days ahead – TDS Key quotes “While no rise above the 8.2822 current March high is seen, volatile range trading between this high and the March 8 high at 7.7881 is likely to ensue. The November low and January high at 7.5439/7.5195 may also be revisited. Further down lie the January low at 7.2417 and the current March low at 7.1916 as well as the February trough at 6.8925.” “A rise above 8.2822 would target the November peak at 8.5814.” 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 Silver prices drop amid wave of technical selling FX Street 1 year USD/TRY burst higher to around the 78.6% Fibonacci retracement at 8.2200 before coming off again. A rise above 8.2822 would target the November peak at 8.5814, according to Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. See: USD/TRY to reach new all-time highs in the days ahead - TDS Key quotes "While no rise above the 8.2822 current March high is seen, volatile range trading between this high and the March 8 high at 7.7881 is likely to ensue. The November low and January high at 7.5439/7.5195 may also be revisited. Further down lie the January low at 7.2417… Regulated 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.
