USDTRY / 16/12/2014 08:08:48 New Historical Top Level Is ReachedYesterday; Turkey September unemployment rate was well above the market expectation, 10,5 percent. The previous data was 10,1 percent. In the USA, Empire manufacturing index declined unexpectedly, while industrial production and capacity utilization rate were above the market expectation. Before FED decisions, dollar gained.Value against emerging market currencies, so that USDTRY moved upwards and reached above 2,39 level. The pair later declined to 2,37 level with profit realizations.
Today; USA building permits and housing starts will be followed.
Technically; if the pair stays above 2,3500 level, then 2,3600 and 2,3700 resistances might be tested again. If the pair breaks 2,3500 support, then 2,3440 and 2,3300 supports would be watched.