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USD/TRY to see another leg of uptrend on a rest above 18.36 SocGen

USD/TRY is close to the peak formed this past year at 18.36. A rest above here would start to see the pair staging another leg higher, economists at Socit Gnrale report.

Support aligns at 17.80/60

Once 18.36 is overcome, next leg of uptrend is likely to materialize towards projections of 19.30/19.70.

The 50-DMA at 17.80/17.60 is short-term support.

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