USDTRY

On a day when currencies performed weakly against the US Dollar in emerging markets, the South African Rand was identified as the weakest currency, declining by 0.44%. The strongest currency was the Russian Ruble, which appreciated by 1.03%. The Turkish Lira, on the other hand, remained in the weak zone, trading near 36.52 at the time of the USDTRY analysis with a decrease of 0.12%.

In the short-term USDTRY assessment, the lower point of the 1st Envelope indicator (purple) at 36.28 stands out as a critical level. If the exchange rate continues to remain above this level, it may show movement towards targets of 36.55, 36.60, and 36.64. However, if it maintains itself above the upper point of the 1st Envelope indicator at 36.64, it could support the current trend and open up a new range for movement. Otherwise, a period of consolidation may occur between 36.28 and 36.64.