USDTRY

Among the 23 emerging market currencies in the EMEA basket, the Colombian Peso has shown the strongest performance against the US Dollar, up by 0.99%, while the weakest currency is the Brazilian Real, down by 0.76%. The Turkish Lira is positioned in the strong region of the list with a change of 0.01%, and the current value of the USDTRY pair is hovering around 40.53 levels.

In short-term USDTRY analysis, the 144-period average (ranging from 40.07 to 40.14) stands out as the main support point. The Envelope indicator offers an intermediate support level in the 40.29 - 40.37 range. With the desire to maintain a positive outlook above reference zones, a movement towards the 40.75 level may be observed. Sustained movements above 40.56 could increase short-term optimism; otherwise, the possibility of a corrective sell-off may arise.