USDTRY
USDTRY broke the 29.00 resistance yesterday. It is currently trading near this resistance level. We think that it will 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 that has risen above 30 TL and settled above 30 as of January. 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