FxWirePro: USD/TRY hovers towards 1-month peak, outlook remains bullish
The Turkish Lira declined, hovering towards a 1-month low hit in the prior session as the greenback trimmed early session losses against a basket of currencies. The dollar index surged as a rise in infections renewed fea…
The Turkish Lira declined, hovering towards a 1-month low hit in the prior session as the greenback trimmed early session losses against a basket of currencies.
The dollar index surged as a rise in infections renewed fears of a delay in economic recovery
USD/TRY is trading 0.05 percent higher at 6.8562, having hit a high of 6.8608 on Thursday, its highest since May 19.
Immediate resistance is located at 6.8668, any close above could take it above 6.8750.
On the downside, support is seen at 6.8332 (5-DMA) and break below could take it near 6.8265 (7-EMA).
