USDTRY

On a day when emerging market currencies varied against the US Dollar, the strongest currency was the Peruvian Sol, which rose by 0.57%, while the weakest was the Taiwanese Dollar, declining by 0.34%. The Turkish Lira, with a depreciation of 0.28%, ranks among the weaker currencies, and as of the analysis, USDTRY is trading at around 36.19.

When evaluating USDTRY in the short term, the lower point of the first Envelope indicator (in purple) is set at 35.96. As long as the exchange rate remains above this level, it can maintain its optimism. This could create a movement range towards 36.24, 36.31, and 36.37. Especially if the upper point of the first Envelope indicator remains above 36.31, it may strengthen the current trend. Otherwise, a consolidation process between 35.96 and 36.31 may be observed. A trend change is not expected unless there is sharp news flow in TL terms. Key levels: 35.96 and 36.31.