Thursday, October 15, 2026

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FxWirePro: USD/TRY steadied above 55-EMA, jump till 6.7764 likely

The Turkish Lira declined, extending previous session losses as the greenback rebounded against a basket of currencies. The dollar index retreated from an 11-week trough after recent data showed U.S. services industry ac…

By FxWirePro Team
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FxWirePro: USD/TRY steadied above 55-EMA, jump till 6.7764 likely
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  • The Turkish Lira declined, extending previous session losses as the greenback rebounded against a basket of currencies. 
     
  • The dollar index retreated from an 11-week trough after recent data showed U.S. services industry activity pushed off an 11-year low in May. 
     
  • USD/TRY is trading 0.5 percent higher at 6.7662, having hit a low of 6.6834 the day before, its lowest since April 10.
     
  • On Wednesday, the pair fell to a 7-1/2 week low but retraced to close 0.4 percent up at 6.7314.
     
  • Immediate resistance is located at 6.7764 (10-DMA), any close above could take it above 6.7957.
     
  • On the downside, support is seen at 6.6970 and break below could take it near 6.6851. 

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By FxWirePro Team