Thursday, October 15, 2026

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FxWirePro: Turkish lira weakens against U.S. dollar, stay bullish

USD/TRY is currently trading at 3.7230 levels. It made intraday high at 3.7273 and low at 3.7057 levels. Intraday bias remains bullish till the time pair holds key support at 3.6997 marks. Key resistances are seen at 3.7…

By FxWirePro Team
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FxWirePro: Turkish lira weakens against U.S. dollar, stay bullish
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  • USD/TRY is currently trading at 3.7230 levels.
     
  • It made intraday high at 3.7273 and low at 3.7057 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 3.6997 marks.   
     
  • Key resistances are seen at 3.7463, 3.7590, 3.7729, 3.8038, 3.8618, 3.9106, 3.9438, 3.9618, 3.9755 and 3.9927 levels respectively.
     
  • A sustained close below 3.70 will drag the parity down towards key supports around 3.6848, 3.6712, 3.6580, 3.6367 and 3.6282 marks 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 3.72, stop loss 3.70 and target of 3.7590/3.8038.

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By FxWirePro Team