USDTRY

Starting with a negative trend, the Dollar Index has shown a positive performance and continues to maintain its optimism on the second trading day of the week. As the US Dollar continues to diverge against 23 emerging market currencies in the EMEA basket, the Colombian Peso stands out as the strongest currency. The Turkish Lira remains in a strong position, with the USDTRY rate hovering around the 41.95 level at the time of analysis.

When evaluating the USDTRY rate in the short term, the 144-period average (41.63) and the lower point of the Envelope indicator (41.68) are critical. The exchange rate may express a desire to maintain its positive outlook above these reference levels. Specifically, sustained movements above the 41.96 level could enhance short-term optimism. However, it should be noted that unless there is a clear development in favor of the Lira's strengthening, the positive trend is expected to continue. Key levels: 41.63 and 41.96.