USD/TRY: Yields, Resistance, and RSI Divergence Point Lower
2020-02-04 05:19:14
1) Potential double top forming on daily chart, near 6.00 round-number
2) US/TR 2-year yield differentials forming slight divergence
3) RSI forms a bearish divergence
4) Positioning and data support a stronger USD - possible headwind for the setup
5) Break above 6.00 invalidates the idea