We are on the last trading day of a critical week. In a week when Central Banks’ decisions were effective, the USDTRY rate limited its reactions to 14.52 and managed to stay above the 89-period exponential moving average, which we take as a basis, and highlighted the continuation of the positive expectation. This thought strengthens the issue of keeping a possible pricing behavior on the agenda towards the psychological 15.00 level in the new period.
Considering the short-term USDTRY rate, the 14.45 region with the 89-period exponential moving average is important, but the exchange rate may want to continue its trend in the relevant region. With this in mind, rises to 14.82 and 14.91 levels, especially 14.75 can be observed. In particular, the continuation of the course above 14.82 may pave the way for a new expectation towards the psychological 15.00 level. Otherwise, pressure towards the 89-period exponential moving average can be observed. In such a reaction idea, although the intermediate supports before the average are recorded as 14.68 and 14.58, it should not be forgotten that the main expectation is positive above the current average.
In summary: The USDTRY pair may want to continue the positive trend view above the 89-period exponential moving average.
Highlight of the Day(s): 14.45 and 14.82