Thursday, October 15, 2026

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FxWirePro: USD/TRY exhibits range bound movement, stay bullish only above 3.5851

USD/TRY is currently trading at 3.5726 levels. It made intraday high at 3.5879 and low at 3.5707 levels. Intraday bias remains neutral for the moment. Key resistances are seen at 3.5851, 3.6036, 3.6238, 3.6552, 3.6925, 3…

By FxWirePro Team
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FxWirePro: USD/TRY exhibits range bound movement, stay bullish only above 3.5851
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  • USD/TRY is currently trading at 3.5726 levels.
     
  • It made intraday high at 3.5879 and low at 3.5707 levels.

  • Intraday bias remains neutral for the moment.   
     
  • Key resistances are seen at 3.5851, 3.6036, 3.6238, 3.6552, 3.6925, 3.7180, 3.7479 and 3.7620 levels respectively.
     
  • On the other side, a sustained close below 3.5652 will drag the parity down towards key supports around 3.5558, 3.5351 and 3.5132 marks respectively.

  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

    We prefer to go long on USD/TRY only above 3.5851, stop loss 3.5652 and target of 3.6238.

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By FxWirePro Team