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USDTRY Technicals After CBRT Rate Hike

November 19, 2020
in ANALYSIS, DAILY UPDATES, Forex, Home, MARKETS, Technical Analysis
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USDTRY Technicals After CBRT Rate Hike
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USDTRY Graphical Daily Chart is showing the value of the currency pair.
USDTRY Daily

CBRT rises the one-year repo rate to %15 from %10.25. This rate hike is expected by the market and the price fell to near 7.51 after the news. 7.45 is a powerful support level for USDTRY, if price continues to hold over this support we may see a consolidation period and after that a possible continuation of the upward trend. Below this support, 7.20 can be a target for downside moves which is also near the level of last to tops.

You can study more technical levels and helpful indicators in our previous analysis.

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