USDTRY pair stands lower and consolidating within 3.67/3.70 range on Tuesday, following spike to 3.80 zone on Monday on rising political issues between the USA and Turkey.
Bullish techs keep the upside in focus for fresh rallies which may result in full retracement of 3.9414/3.3883 pullback, as Monday’s action closed above 50% retracement of 3.4914/1.3883 downleg after spiking near Fibo 76.4%.
Dip-buying remains favored while the price holds above weekly cloud top at 3.5875.
Today’s action is holding above initial support at 3.6696 (rising daily Tenkan-sen).
Res: 3.7078, 3.7301, 3.7853, 3.8109
Sup: 3.6696, 3.6512, 3.6000, 3.5875
