USDTRY

Currencies in emerging markets are displaying varying performances against the US Dollar. Today, the weakest currency is the Malaysian Ringgit, which has depreciated by 0.46%, while the strongest currency is the Peruvian Sol, appreciating by 0.03%. The Turkish Lira ranks on the weaker side with a change of 0.03% and is trading around the 36.59 level during the USDTRY analysis.

In the short term evaluation of the USDTRY exchange rate, the lower point of the 1st Envelope indicator (in purple) at 36.40 stands out as an important level. If the rate continues to remain above this level, it may move towards resistance levels such as 36.60, 36.67, and 36.76. However, a consolidation between 36.40 and 36.76 is possible. A trend change is not expected unless there is sharp news flow in TL terms.