USDTRY

The currencies of developing countries continue to demonstrate varying performances against the US Dollar. Today, the strongest currency, the Taiwan Dollar, has increased by 0.06%, while the weakest currency, the Malaysian Ringgit, has depreciated by 0.48%. The Turkish Lira, with a decline of 0.25%, ranks among the weaker currencies, trading close to the level of 36.52 at the time of the USDTRY analysis.

In short-term evaluations of USDTRY, the lower point of the first Envelope indicator (in purple), at 36.28, stands out as an important level. If the exchange rate remains above this level, it may maintain its optimism and move toward the levels of 36.55, 36.60, and 36.65. Particularly, if a sustained situation occurs above the upper point of the first Envelope indicator at 36.65, the current trend is expected to strengthen. Otherwise, a period of consolidation may occur within the range of 36.28 - 36.65.