USDTRY - SELL SELL SELLthe USDTRY still ranging and hanging in the highs. However, the weekly chart shows no reprieve and the large downward move still expected.
Of course, we cannot predict the timing of the decline. The central bank may decide to hang on without lowering interest rates, and further, it may be likely that they will re-access the actions that has caused the tailspin of the currency.
Sell into 13.50 - 14.50 and await 11.00 > 10.00 medium-term.
