FxWirePro: Turkish lira extends rebound as coronavirus lockdown eases
The Turkish Lira rose, continuing to drift further away from all-time lows recorded last week. The Turkish currency nudged up to a near 1-week peak as the country eased coronavirus lockdown The easing of the lockdown mea…
The Turkish Lira rose, continuing to drift further away from all-time lows recorded last week.
The Turkish currency nudged up to a near 1-week peak as the country eased coronavirus lockdown
The easing of the lockdown means children under 14 will be allowed out on May 13 for several hours, while people aged 15 to 20 will be able to leave their homes on foot on May 15, wearing masks.
USD/TRY is trading 0.4 percent down at 7.0728, having hit a high of 7.2682 on Thursday.
Immediate resistance is located at 7.1680, any close above could take it above 7.1802 / 7.2020.
On the downside, support is seen at 7.0392 (10-DMA) and break below could take it near 7.0072.
