USDTRY
On the USDTRY side, we think that it will enter at 29 TL until the minimum wage negotiations are concluded and then rise to 29.60 after the minimum wage negotiations are concluded and close the year. Our year-end closing target is 29.60, and we think that we will see a dollar exchange rate above 30 TL as of January and now sit above 30. The dollar will no longer be heavily suppressed, and will return with an increase in TCMB gross reserves at every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60