USDTRY

Emerging market currencies are following a different trend against the US Dollar. This morning, the Russian Ruble gained 1.10%, becoming the strongest currency, while the Malaysian Ringgit recorded a 0.48% decline, making it the weakest. The Turkish Lira is positioned weakly at a 0.07% decrease, trading around 36.52 at the time of the USDTRY analysis.

In short-term evaluations for the USDTRY exchange rate, the lower point of the 1. Envelope indicator (purple) at 36.30 forms a critical level. If the rate remains above this level, it may move towards resistance levels of 36.55, 36.60, and 36.66. Otherwise, a consolidation between 36.30 and 36.66 could be observed. No trend change is expected unless there are sudden developments regarding the Lira. Key levels: 36.30 and 36.66.