USDTRY

When examining the daily performance of the 23 emerging country currencies in the EMEA basket against the US Dollar, the Bulgarian Lev emerged as the strongest currency with an increase of 0.73%, while the Colombian Peso exhibited the weakest performance with a decrease of 0.46%. The Turkish Lira is positioned strongly with a 0.03% increase, and during the USDTRY analysis, the exchange rate is trading around 39.18.

In the short-term evaluation of USDTRY, the 144-period average (38.79) stands out as the main support, while the lower point of the Envelope indicator (38.98) may serve as an interim support. The exchange rate could exhibit a positive outlook with the relevant indicators. In this context, the upper point of the Envelope (39.36) can be targeted. Sustained movements above the 39.19 level could support short-term optimism, while contrary scenarios may lead to the possibility of reactionary selling.