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USD/TRY: technical analysis on 07.12.2015

On the daily chart, the pair is growing from the middle MA of Bollinger Bands. The price remains on the level with the EMA65 but above the EMA130, both start turning up. The long-term upward trend has still not been broken. The RSI turned up as it failed its support in the Bullish zone and heading towards its nearest resistance. The Composite turned up as well and is about to test its MA’s.

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