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Add as a preferred source on Google FxWirePro: USD/TRY hits 1-1/2 week peak, outlook turns bullish The Turkish Lira slumped to a 1-1/2 week trough as the greenback surged across the board. USD/TRY is trading 0.7 percent higher at 6.8193, having hit a high of 6.7680 earlier, its highest since June 2. The pair broke abo…
By FxWirePro Team Jun 11, 2020, 12:35 PM UTC
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The Turkish Lira slumped to a 1-1/2 week trough as the greenback surged across the board.
USD/TRY is trading 0.7 percent higher at 6.8193, having hit a high of 6.7680 earlier, its highest since June 2.
The pair broke above major resistance 21-EMA to hit a 1-1/2 week peak.
Immediate resistance is located at 6.8256, any close above could take it above 6.8395.
On the downside, support is seen at 6.7614 and break below could take it near 6.7477 (55-EMA).
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