USDTRY

On a day when emerging market currencies moved in different directions against the US Dollar, the Argentine Peso was recorded as the weakest currency, declining by 0.70%, while the Thai Baht emerged as the strongest currency, gaining 0.09%. The Turkish Lira, on the other hand, remained in the weak zone, trading around 35.97 at the time of the USD/TRY analysis, with a decline of 0.05%.

In the short-term evaluation of USD/TRY, the lower point of the 1st Envelope indicator (purple) signals the level of 35.77. As long as the exchange rate remains above this level, it can maintain its optimism. This situation could create a movement space towards 36.03, 36.12, and 36.20 levels. Particularly, sustained trading above the upper point of the 1st Envelope indicator (purple) at 36.12 may strengthen the current trend. However, unless there is significant news flow in TL terms, no clear trend change is expected in the exchange rate. Key levels: 35.77 and 36.12.