USDTRY posted some losses in recent sessions, after the bulls met resistance at the 5.985 top. Yet, the pair continues to print higher highs and higher lows above both its 50- and 200-day simple moving averages (SMAs), which keeps the overall outlook positive. For that to change, the bears would need to post a low beneath 5.68. Short term oscillators suggest that the latest retreat may continue in the immediate term. The RSI, already below 50, is pointing down – [..]
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