USDTRY

On a day when the currencies of emerging markets varied against the US Dollar, the weakest currency was the Peruvian Sol, recorded at 0.21%, while the strongest was the Philippine Peso, standing out at 0.25%. The Turkish Lira, at a decline of 0.16%, positioned itself among the weaker currencies, indicating that USD/TRY was trading around 36.68 at the time of analysis.

In the short-term assessment of USD/TRY, the lower point of the 1. Envelope indicator (purple) stands out as a critical level at 36.45. If the exchange rate remains above this level, it may have the potential to move towards targets of 36.70, 36.76, and 36.81. Particularly, maintaining above 36.81 could strengthen the current trend, whereas otherwise, a consolidation phase may be observed in the range of 36.45 – 36.81.