USDTRY

On a day when emerging market currencies varied against the US Dollar, the Colombian Peso was recorded as the weakest currency at 0.82%, while the Chinese Yuan emerged as the strongest currency with a 0.09% increase. The Turkish Lira, with a 0.10% decline, remains among the weaker currencies, trading close to the 36.67 level at the moment of the USDTRY analysis.

In the short-term evaluation of USDTRY, the lower point of the Envelope indicator (purple), at 36.43, stands out as a critical level. As long as the exchange rate remains above this level, it can maintain its optimism. This situation may open up movement towards significant resistance levels such as 36.70, 36.76, and 36.80. Otherwise, a consolidation may be observed in the 36.43 - 36.80 range. A trend change is not expected unless significant news emerges regarding the Lira.