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Add as a preferred source on Google FxWirePro: USD/TRY consolidates within narrow ranges, investors await fresh catalyst The Turkish Lira consolidated within narrow ranges as investors awaited the next catalyst for further direction. On Sunday, Turkey's health minister announced 32 new deaths from Covid-19, bringing the death toll in the c…
By FxWirePro Team May 25, 2020, 10:40 AM UTC
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The Turkish Lira consolidated within narrow ranges as investors awaited the next catalyst for further direction.
On Sunday, Turkey's health minister announced 32 new deaths from Covid-19, bringing the death toll in the country to 4,340.
Meanwhile, 1,141 new infections were confirmed in the past 24 hours, registering a total number of infections to 156,827.
USD/TRY is trading flat at 6.8078, having hit a low of 6.7493 on Tuesday, its lowest since April 13.
Immediate resistance is located at 6.8428 (7-EMA), any close above could take it above 6.8618.
On the downside, support is seen at 6.7808 and break below could take it near 6.7639.
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