USDTRY

The USDTRY exchange rate can maintain its positive outlook as long as it remains above the 33.13 level, which is the lower point of the rising channel. In this scenario, the exchange rate has the potential to rise towards the 33.50, 33.62 and 33.74 levels. In particular, permanent movements above the 33.62 level can strengthen the rise and approach the upper point of the channel. However, if it falls below the 33.13 level, reaction sales can be seen. In such a pullback, the expectation will still remain positive as long as there is no strong news flow based on TL. The invalidation of the scenario depends on the end of the rising channel.