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    USD/TRY: technical analysis on 20.01.2016

    On the daily chart, the pair is growing along the upper MA of Bollinger Bands. The price remains above the EMA130, EMA65 and EMA14, all directed up. The RSI is about to test its resistance it cannot overcome since the beginning of last week. The Composite is on the level with its longer MA for the third day. MA’s for both indicators suggest some strength of the market.

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