Future of Turkish lira remains uncertain
Baku, Azerbaijan, Oct. 15
By Taleh Mursagulov - Trend:
There is uncertainty about the further price of the Turkish Lira (TRY) in the financial market, the InvestAz investment company stated in a daily summary.
The analysts of the company noted that a correction is observed in the horizontal direction on the hourly chart of USD / TRY.
The analysts of the agency believe that if the price of USD / TRY reaches the level of 5.8328, then the next target level to strengthen the Turkish lira against the US dollar will be 5.6935 TL.
Under the alternative option, if the price reaches the level of 5.982, then the next target level to weaken the Turkish lira against the US dollar will be 6.074 TL.
Previosly, US President Donald Trump promised to impose “large sanctions” against Turkey for detaining the US pastor Andrew Brunson, who is accused in being connected to the coup attempt in Turkey in 2016.
Against the background of strained relations between the countries, US President Donald Trump raised duties on aluminum to 20 percent, on steel – to 50 percent.
Brunson, arrested in Turkey, was released on October 12 by a decision of the court on serious crimes in Izmir province.