Technicals

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…

1 min read
FxWirePro: USD/TRY consolidates within narrow ranges, investors await fresh catalyst
Image from the original EconoTimes article

Read the original article

  • 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. 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560