USDTRY

Currencies in emerging markets show variability against the US Dollar. Today, the Chinese Yuan is the weakest currency, down by 1.37%, while the Peruvian Sol stands out as the strongest, gaining 0.70%. The Turkish Lira is in a weak position, down by 0.05%, trading around 35.95 at the time of the USDTRY analysis.

When evaluating the USDTRY exchange rate in the short term, the lower level of the 1st Envelope indicator (purple) is at 35.75. As long as the rate stays above this level, it may exhibit an optimistic outlook. This could create potential for an upward movement towards 36.03, 36.11, and 36.19. However, if the upper point of the 1st Envelope indicator (purple) maintains above 36.11, the current trend may strengthen. Otherwise, a consolidation between 35.75 and 36.11 may be observed. A trend change is not expected unless there is significant news flow in terms of the Lira. Key levels: 35.75 and 36.11.