Thursday, October 15, 2026

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FxWirePro: USD/TRY retreats from 18-month peak, halting a 4-day rally

The Turkish Lira rebounded from 18-month low as the greenback eased across the board. On Monday, the Federal Reserve rolled out an array of programmes including backing for the first time corporate bond purchases. USD/TR…

By FxWirePro Team
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FxWirePro: USD/TRY retreats from 18-month peak, halting a 4-day rally
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  • The Turkish Lira rebounded from 18-month low as the greenback eased across the board. 
     
  • On Monday, the Federal Reserve rolled out an array of programmes including backing for the first time corporate bond purchases. 
     
  • USD/TRY is trading 1.2 percent down at 6.4803, having hit a high of 6.6085 on Monday, its highest since September 2018. 
     
  • Momentum indicators are bearish on hourly charts. 
     
  • Immediate resistance is located at 6.5801, any close above could take it above 6.6013.
     
  • On the downside, support is seen at 6.4611 and break below could take it near 6.4478.

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