• The Turkish Lira plunged to an all-time low as the greenback rose against a basket of currencies, while the Turkish central bank’s international reserves dried up amid the coronavirus crisis. 
   
• The dollar rallied to a 1-week peak amid brewing tensions between the United States and China over the coronavirus outbreak. 
   
• Moreover, yesterday's weaker than expected economic data continued to dent the bid tone around the Turkish currency. 
   
• President Tayyip Erdogan said lockdown would be eased in some provinces, as the number of COVID-19 deaths and new cases in the country slowed. 
   
• USD/TRY is trading 0.5 percent up at 7.0747, having hit a high of 7.0984 earlier, its highest since August 2018. 
   
• Immediate resistance is located at 7.1010, any close above could take it above 7.1173 / 7.1246.
   
• On the downside, support is seen at 7.0103 and break below could take it near 6.9950 (38.2% Fib) / 6.9786 (10-DMA).