USDTRY

We continue to observe abnormal movements in the Dollar/Turkish Lira parity. The price is moving steadily upwards, but the momentum of this progress is very weak. As can be seen, the moving averages indexed to the price continue to move upwards. The price has never closed below the 50-day exponential average for a very long time. The current value of this average is 18.73. It is indicated in red on the chart. Support: 18.73 – 18.59 – 18.40 Resistance: 19.00 – 20.00