USDTRY

The currencies of developing countries are moving in different directions against the US Dollar. This morning, the strongest currency was the Brazilian Real, standing out with a value increase of 0.22%, while the weakest currency was the Taiwan Dollar with a decrease of 0.15%. The Turkish Lira is in a weak position with a value change of 0.04%, trading around the levels of 36.46 during the USDTRY analysis.

When examining the USDTRY exchange rate in the short term, the lower point of the 1. Envelope indicator, at 36.27, is a critical level. As long as the rate stays above this level, it can maintain its optimism. This could create a movement towards resistance levels like 36.49, 36.56, and 36.63. However, unless there is significant news flow based on the Lira, a compression between 36.27 and 36.63 may occur.