USDTRY

Emerging market currencies moved in different directions against the US Dollar, with the strongest currency of the day being the Hungarian Forint and the weakest being the Colombian Peso. The Turkish Lira, experiencing a 0.22% depreciation, is among the weaker currencies, with the USD/TRY exchange rate trading around 36.49.

When examining the USD/TRY exchange rate, the lower point of the 1. Envelope indicator at 36.26 appears to provide significant support. If the rate continues to stay above this level, it has the potential to approach resistance levels such as 36.55, 36.63, and 36.70. However, a squeeze between 36.26 and 36.63 can also be observed. Unless there is a sharp news flow in TL terms, no trend change is expected. Key levels: 36.26 and 36.63.