USDTRY

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USDTRY

For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.36 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.03 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.37, 30.44 and 30.51, and permanent movements above 30.66 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.70) are on the agenda. Support: 30.20 – 30.10 Resistance: 30.44 – 30.60