FxWirePro: USD/TRY hits 1-month peak, outlook continues to remain bullish
Thursday, June 18, 2020 11:57 AM UTC
- The Turkish Lira slumped to a 1-month low as the greenback surged against a basket of currencies.
- The dollar index rose amid fears that new coronavirus cases could impede economic recovery.
- USD/TRY is trading 0.4 percent higher at 6.8570, having hit a high of 6.8597 earlier, its highest since May 19.
- Immediate resistance is located at 6.8748, any close above could take it above 6.8959.
- On the downside, support is seen at 6.8158 (21-EMA) and break below could take it near 6.8026..