USDTRY
On the USDTRY side, the 29.00 resistance has now been overcome and is providing support. We think that after the minimum wage negotiations are concluded, it will rise to 29.60 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 the TCMB gross reserves at every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60