Thursday, October 15, 2026

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FxWirePro: USD/TRY hits 1-month peak, outlook continues to remain bullish

The Turkish Lira slumped to a 1-month low as the greenback surged against a basket of currencies. The dollar index rose amid fears that new coronavirus cases could impede economic recovery. USD/TRY is trading 0.4 percent…

By FxWirePro Team
1 min read
FxWirePro: USD/TRY hits 1-month peak, outlook continues to remain bullish
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  • The Turkish Lira slumped to a 1-month low as the greenback surged against a basket of currencies.
     
  • The dollar index rose amid fears that new coronavirus cases could impede economic recovery.
     
  • USD/TRY is trading 0.4 percent higher at 6.8570, having hit a high of 6.8597 earlier, its highest since May 19.
     
  • Immediate resistance is located at 6.8748, any close above could take it above 6.8959.
     
  • On the downside, support is seen at 6.8158 (21-EMA) and break below could take it near 6.8026.. 

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