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Market Overview
The AUD/TRY last closed at 28.91194, reflecting a slight decline of 0.03% from the previous close, consistent with the ongoing downtrend observed over the past month. The pair has decreased approximately 0.15% over 30 days, trading within a range of 28.89818 to 28.98223. Upcoming Turkish inflation data and commodity price movements in Australia may influence near-term price action. Technically, the 20-day, 50-day, and 200-day moving averages stand at 28.9347, not explicitly provided for 50 and 200 DMA but implied bearish; the RSI indicates weakening momentum. Nearest support is near 28.90, with resistance around 29.00. The overall technical and fundamental outlook supports continued cautious trading within this range. For information only.
Last Updated 1/29/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.