USDTRY-NEUTRAL downside biasThe USDTRY cloud resistance will be soon lower at 13.8500-13.8600.
For now, we remain neutral and with a small downside bias. I am not venturing on this one still, and for those SHORT a healthy interest rate differential will help to benefit each day and week that goes by.
The downside is likely 11.80 -10.50 short term and a break above 13.8500 would bring us towards 15.50-16.50 whereby we will be a LONG TERM seller.