USDTRY

The currencies of developing countries continue to exhibit varying trends against the US Dollar. Today, the strongest currency is the Peruvian Sol, which has risen by 0.84%, while the weakest is the Mexican Peso, which has depreciated by 0.53%. The Turkish Lira is trading around 36.43, maintaining a strong position with a change of 0.02% at the time of USDTRY analysis.

In the short term, examining the USDTRY exchange rate, the 36.26 level, located below the 1st Envelope indicator (in purple), is of critical importance. If the rate remains above this level, there may be upward movement towards resistance points such as 36.47, 36.55, and 36.62. Sustaining above 36.62 could strengthen the current trend; otherwise, a consolidation between 36.26 and 36.62 is expected.