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Add as a preferred source on Google FxWirePro: USD/TRY near 3-week low, outlook remains bearish The Turkish Lira rallied to a near 3-week peak on optimism over possible swap lines being established with foreign central banks. USD/TRY is trading 0.1 percent down at 6.9627, having hit a low of 6.9421 earlier, its low…
By FxWirePro Team May 14, 2020, 9:56 AM UTC
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The Turkish Lira rallied to a near 3-week peak on optimism over possible swap lines being established with foreign central banks.
USD/TRY is trading 0.1 percent down at 6.9627, having hit a low of 6.9421 earlier, its lowest since April 24.
The pair broke below major support level at 21-EMA and is likely to continue bearish momentum.
Immediate resistance is located at 6.9840, any close above could take it above 7.0000.
On the downside, support is seen at 6.9383 and break below could take it near 6.9220.
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