USDTRY

On a morning when emerging market currencies varied against the US Dollar, the weakest currency was the Hungarian Forint at 0.22%, while the strongest was the Peruvian Sol at 0.19%. The Turkish Lira was among the weaker currencies at 0.02%, with the USDTRY trading at 36.65 at the time of analysis.

When evaluating the USDTRY exchange rate in the short term, the lower point of the first Envelope indicator (purple) at 36.45 serves as an important support level. As long as the exchange rate remains above this level, it has the potential to rise towards resistances at 36.70, 36.76, and 36.82. However, a consolidation process may be observed between 36.45 and 36.82. A trend change in the exchange rate is not expected unless there is sharp news flow in TL terms.