USD/TRY to continue its march forward to the 9.67/72 zone – SocGen

For the first time since 7 October, USD/TRY did not scale a new high yesterday. Still, economists at Société Générale expect the pair to extend its uptrend towards the 9.67/72 region.

The 9.15/11 zone to cushion USD/TRY dips

“Currently a pullback is underway, however, 10-DMA at 9.15/9.11 should provide support.”

“Ongoing uptrend is likely to persist towards next projections located at 9.44 and 9.67/9.72.”