USDTRY

When examining the daily performances of the 23 emerging country currencies in the EMEA basket against the US Dollar, the Bulgarian Lev stands out as the strongest currency with a 0.45% increase, while the Philippine Peso has become the weakest currency with a 0.62% decline. The Turkish Lira, with a change of 0.08%, is positioned on the weaker side of the list and is hovering around the 41.14 level during the USDTRY analysis.

In the short term, when evaluating the USDTRY exchange rate, the 144-period average (40.82) and the lower point of the Envelope indicator (40.92) are significant levels to note. The exchange rate is expected to show a positive outlook above the reference zones. If it maintains above the 41.15 level, short-term optimism may increase. Conversely, if the 40.09 level is broken, reactionary selling may become an issue.