USDTRY

On a day when emerging market currencies exhibited varied performances against the US Dollar, the weakest currency was the Peruvian Sol, which depreciated by 0.08%, while the strongest was the Thai Baht, with an increase of 0.46%. The Turkish Lira, at a depreciation of 0.06%, ranked among the weaker currencies, trading at around 35.75 at the time of the USDTRY analysis.

In the short term, examining the USDTRY exchange rate, the lower level of the 1. Envelope indicator (purple) has been set at 35.56. If the rate remains above this level, an optimistic outlook may continue. This scenario has the potential to create movement towards the levels of 35.80, 35.87, and 35.92. In particular, sustained trading above 35.92 could strengthen the current trend. Otherwise, a squeeze between 35.56 and 35.92 may be observed. Unless there is significant news flow in TL terms, no major trend change in the exchange rate is expected. Key levels for the day: 35.56 and 35.92.