Technical Analysis – USDTRY at fresh 6-month high; positive outlook to stay in place

USDTRY has been rising steadily since mid-January, surpassing its previous peak at 5.986 to print a fresh 6-month high slightly above the 6.00 mark on Friday. The upward direction in the MACD and the positive slope in the RSI, which keeps strengthening above its 70 overbought mark flag a bullish short-term bias. Hence, the focus will […]