Thursday, October 15, 2026

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FxWirePro: Turkish lira continues to fall against U.S. dollar, hits fresh record low at 3.9416

USD/TRY is currently trading at 3.8905 levels. It made intraday high at 3.8921 and low at 3.8589 levels. Intraday bias remains bullish for the moment. Key resistances are seen at 3.9438, 3.9618, 3.9755 and 3.9927 levels …

By FxWirePro Team
1 min read
FxWirePro: Turkish lira continues to fall against U.S. dollar, hits fresh record low at 3.9416
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  • USD/TRY is currently trading at 3.8905 levels.
     
  • It made intraday high at 3.8921 and low at 3.8589 levels.
     
  • Intraday bias remains bullish for the moment. 
     
  • Key resistances are seen at 3.9438, 3.9618, 3.9755 and 3.9927 levels respectively.
     
  • A sustained close below 3.8620 will drag the parity down towards key supports around 3.8432, 3.8221, 3.8019, 3.7875, 3.7807 and 3.7661 thereafter.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/TRY around 3.89, stop loss 3.78 and target of 3.9755.

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By FxWirePro Team