Dollar Gain Versus Lira Faces Challenge From Converging Averages
- Moving averages are converging and have acted as resistance
- Support at ichimoku base cloud looks set to be whittled
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The dollar faces a fresh challenge on the charts after concluding its first monthly drop against the lira in six months.
The dollar-lira pair has found support in the past week at the base of the ichimoku cloud, which is at 3.6000 today, with the converging 21- and 55-day moving averages acting as resistance.