Baku, Azerbaijan, Oct. 18
By Taleh Mursagulov – Trend:
The continuation of the downward trend on the USD / TRY currency pair is being observed currently, the daily summary of the InvestAz investment company reads.
The company's analysts believe that if the price of the Turkish lira breaks through the support level of 5.5677 TRY, then the downward wave may accelerate to the level of 5.431 TRY.
In the alternative course of action, in case of breaking through the level of 5.6126 TRY in the upward direction, the price may continue to rise to 5.7114 and 5.806.
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.
American pastor Andrew Brunson, arrested in Turkey, was released on October 12 by a decision of Court for Grave Crimes of Turkey’s Izmir province.