USDTRY

The weakness of emerging market currencies against the US Dollar is highlighted by the Mexican Peso being recorded as the weakest currency of the day, down 2.65%. The Brazilian Real managed to remain strong with a decline of only 0.02%. The Turkish Lira is in a weak position on this list, down 0.17%, and the USDTRY analysis is currently trading close to the level of 35.88.

When evaluating the USDTRY exchange rate in the short term, the lower point of the 1st Envelope indicator (in purple) indicates the level of 35.65. As long as the rate stays above this level, it can maintain its optimism. The levels of 35.90, 35.95, and 36.01 stand out as potential movement areas. If the upper point of the 1st Envelope indicator remains above 36.01, it could strengthen the current trend. Otherwise, a consolidation between 35.65 and 36.01 may be observed. No trend change is expected unless sharp news flow occurs in TL terms. Key levels are 35.65 and 36.01.