USDTRY

Among emerging markets, many currencies are showing strong performance against the US Dollar. Today, the strongest currency is the Hungarian Forint, which has increased by 0.56%, while the weakest currency is the Brazilian Real, recorded at a 0.08% decline. The Turkish Lira, with a 0.06% loss, is positioned in the weaker area of the list, and the USDTRY exchange rate is trading close to 36.11 at the time of analysis.

In the short-term evaluation of USDTRY, the lower point of the 1st Envelope indicator at 35.91 is a critical support level. As long as the exchange rate remains above this level, it has the potential to move towards 36.13, 36.19, and 36.24. If it surpasses the upper point of the 1st Envelope indicator at 36.27, the current pricing behavior may strengthen further. However, unless any sharp developments occur, a consolidation process between 35.91 and 36.27 can be observed.