USDTRY

On a morning when emerging market currencies are moving in different directions against the US Dollar, the weakest currency is the Peruvian Sol, while the strongest is the Polish Zloty. The Turkish Lira ranks lower on the list with a 0.01% depreciation, trading close to the level of 35.77 at the time of the USDTRY analysis.

In a short-term evaluation of USDTRY, the lower point of the 1st Envelope indicator (purple) at 35.59 presents an area where the exchange rate can maintain its optimism if it remains above this level. This situation could create potential movement towards resistance levels, primarily 35.80, as well as 35.87 and 35.95. In particular, maintaining stability at the upper point of the 1st Envelope indicator (purple) at 35.95 could contribute to strengthening the current trend. Otherwise, a consolidation between 35.59 and 35.87 may be observed. No significant trend change is expected in the exchange rate unless there is sharp news flow in TL terms. Key levels: 35.59 and 35.87.