USDTRY

As the currencies of developing countries fluctuate in different directions against the US Dollar, the strongest currency of the day is the Brazilian Real, which gained 0.22%. Meanwhile, the weakest currency recorded is the Taiwanese Dollar, declining by 0.15%. The Turkish Lira stands in the weaker section of the list, with a loss of 0.04%, trading around 36.46 at the moment of analysis for the USDTRY pair.

When we evaluate the USDTRY exchange rate in the short term, we can state that 36.27, the lower point of the Envelope indicator (purple), is a significant level. As long as the rate remains above this level, it can maintain its optimism. This could create a movement range towards 36.49, 36.56, and 36.63. A potential permanence above 36.63 may contribute to the strengthening of the current trend. A tendency for compression can be observed between 36.27 and 36.63.