USDTRY

The performance of currencies in emerging markets against the US Dollar continues to vary. This morning, the weakest currency was the Malaysian Ringgit, which stood out with a 0.70% depreciation, while the Colombian Peso was recorded as the strongest currency with a 0.08% increase. The Turkish Lira is among the weaker currencies with a 0.25% depreciation, and the USDTRY exchange rate is trading at around 35.86.

In short-term assessments, the lower point of the 1. Envelope indicator at 35.62 for the USDTRY exchange rate is seen as an important support level. As long as the rate remains above this level, it may follow a positive trend. The levels of 35.87, 35.93, and 35.98 are highlighted as potential resistance points. Sustaining above 35.98 could strengthen the current trend. However, unless there is sharp TL-based news flow, a consolidation between 35.62 and 35.98 is likely.