Thursday, October 15, 2026

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FxWirePro: USD/TRY drifts towards 3-1/2 week peak, likely to break above 6.8500

The Turkish Lira rose, hovering towards a 3-1/2 week trough recorded last week as the greenback surged against a basket of currencies. The dollar index rallied as the risk-averse sentiment which dominated overnight tradi…

By FxWirePro Team
1 min read
FxWirePro: USD/TRY drifts towards 3-1/2 week peak, likely to break above 6.8500
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  • The Turkish Lira rose, hovering towards a 3-1/2 week trough recorded last week as the greenback surged against a basket of currencies.
     
  • The dollar index rallied as the risk-averse sentiment which dominated overnight trading eased somewhat.
     
  • USD/TRY is trading 0.4 percent higher at 6.8373, having hit a high of 6.8463 on Thursday, its highest since May 19.
     
  • Immediate resistance is located at 6.8554, any close above could take it above 6.8745.
     
  • On the downside, support is seen at 6.7984 (5-DMA) and break below could take it near 6.7826. 

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