USDTRY

USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.60. When we evaluate the USDTRY exchange rate in the short term, the 31.20 level 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 31.60, 31.72 and 31.83. Permanent movements above 31.83 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 (30.75) are on the agenda.  Support: 31.40 – 31.27 Resistance: 31.72 – 31.83