USDTRY

For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.20. When we evaluate the USDTRY exchange rate in the short term, the level of 31.92 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.47 and 32.60 can be observed. Permanent movements above 32.60 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 (31.93) are on the agenda.  Support: 32.12 – 31.91 Resistance: 32.35 – 32.47