USDTRY

Emerging market currencies continue to move in different directions against the US Dollar. Today, the weakest currency is the Mexican Peso, which has depreciated by 0.13%, while the strongest currency is the Thai Baht, which has increased by 0.35%. The Turkish Lira is in a weak position with a 0.06% decline and is trading near the 36.31 level during the USDTRY analysis.

In the short term, if the USDTRY rate remains above the lower point of the 1st Envelope indicator, currently at 36.11, it may maintain its optimism. This situation could create a movement range towards the levels of 36.32, 36.38, and 36.43. Sustaining above the upper point of the 1st Envelope indicator at 36.47 could contribute to strengthening the current trend. However, unless there is sharp news flow in TL terms, a squeeze between 36.11 and 36.47 may be observed.