USDTRY

The performance of emerging market currencies against the US Dollar is noticeably diverging. The Brazilian Real has gained 0.22%, becoming the strongest currency of the day, while the Taiwanese Dollar is recorded as the weakest at 0.15%. The Turkish Lira is situated in the weak zone with a decline of 0.04%, and the USDTRY exchange rate is trading at around 36.46 at the time of analysis.

In the short term, examining the USDTRY exchange rate reveals that the lower point of the Envelope indicator (purple) at 36.27 is a critical support level. As long as the rate remains above this level, it could show optimistic movement toward 36.49, 36.56, and 36.63. However, a tendency to constrict between 36.27 and 36.63 may be observed, and no trend change is expected unless there is significant news flow based on the Turkish Lira.