Thursday, October 15, 2026

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FxWirePro: Turkish lira weakens against U.S. dollar, consistent break above 2.9932 targets 3.0268

USD/TRY is currently trading at 2.9778 levels. It made intraday high at 2.9787 and low at 2.9624 levels. Intraday bias remains bullish till the time pair holds key support at 2.9614. Key resistances are seen at 2.9787, 2…

By FxWirePro Team
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FxWirePro: Turkish lira weakens against U.S. dollar, consistent break above 2.9932 targets 3.0268
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  • USD/TRY is currently trading at 2.9778 levels.
     
  • It made intraday high at 2.9787 and low at 2.9624 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 2.9614.
     
  • Key resistances are seen at 2.9787, 2.9867, 2.9977, 3.0085, 3.0268, 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.
     
  • A sustained close below 2.9614 will drag the parity down towards key supports around 2.9495, 2.9314, 2.9207, 2.9178, 2.9015 and 2.8847 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 2.9745, stop loss 2.9614 and target of 2.9932/3.0111/3.0268.

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By FxWirePro Team