USD TRY

In the USD/TRY exchange rate, the 33.13 - 33.26 region, which is the lower point of the upward channel, stands out as a critical support area. As long as the exchange rate remains above this region, it can maintain its positive outlook and upward movements towards the 33.62, 33.74, and 33.82 levels can be seen. In particular, permanent movements above the 33.62 level can strengthen the upward desire and allow the exchange rate to approach the 33.90 - 34.00 region. However, if it falls below the 33.50 level, reaction sales may increase. In such a case, unless there is strong news flow based on TL, it is important for the exchange rate to remain above the 33.13 - 33.26 region in terms of continuing positive expectations. It should not be forgotten that the upward channel must end for the current scenario to be considered invalid.