USDTRY

The USD/TRY exchange rate may maintain its positive outlook as long as it remains above the lower point of the uptrend channel at 33.13. In this case, the exchange rate may extend its rise towards the levels of 33.50, 33.62 and 33.74. In particular, persistent movements above the level of 33.62 may lead to further strengthening of the rise and progress towards the 33.84 – 33.95 region. However, in case of a downward break of the level of 33.38, the reaction sales may become stronger. The positive outlook will be maintained as long as it remains above the level of 33.13, however, if the uptrend channel ends, the current scenario may be considered invalid.