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Market Overview
The USD/LKR pair closed at 309.65338 on January 17, 2026, reflecting a slight decline of 0.0034% from the previous close and continuing a downtrend with a 3.72% decrease over the past 30 days. Price action remains confined within a narrow range between 309.60712 and 309.79865, indicating subdued volatility. Upcoming economic data on Sri Lanka’s trade balance and US Federal Reserve policy updates may influence near-term movements. Technically, the 20-day SMA stands at 309.6877, the 50-day and 200-day DMAs are not provided, RSI is not specified, with nearest support at 309.60 and resistance near 309.80. The trend suggests cautious bearish sentiment with limited momentum. 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.