USDTRY

USDTRY is currently trading close to 29.88 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.52 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 29.90, 30.00 and 30.12 levels can be observed. Permanent movements above 30.12 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.04) are on the agenda.  Support: 29.40 – 29.20 Resistance: 29.90 – 30.12