Thursday, October 15, 2026

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Turkish lira continues to appreciate against US dollar, sell on rallies

Pair is currently trading at 2.9240 levels. It made intraday high at 2.9325 and low at 2.9156 levels. Intraday bias remains bearish for the moment. A daily close above 2.9471 will turn the bias bullish and drag the parit…

By Earlence Fernandes
1 min read
Turkish lira continues to appreciate against US dollar, sell on rallies
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  • Pair is currently trading at 2.9240 levels. 
     
  • It made intraday high at 2.9325 and low at 2.9156 levels. 
     
  • Intraday bias remains bearish for the moment.

     
  • A daily close above 2.9471 will turn the bias bullish and drag the parity towards key resistance levels at 2.9991 marks.
     
  • On the other side, key support falls at 2.9089 levels.
     
  • In addition 20, 30 and 55D EMA heads down, which confirms the bearish trend.

We prefer to take short position in USD/TRY around 2.9250, stop loss 2.9325 and target 2.91 levels.

 

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