USD/TRY is going in an uptrend channel to 5,92
Due to short of cash in Turkey, USD is gaining power against TRY day by day. We can see some small corrections to support of chnanel like 5,78 - 5,80 but the trend is going upwards since 5,50's.
Uptrending channel will meet with the resistance at the end of August and than we can see some steep movements probably upwards or maybe some corrections. Until than, I expect the value will continue to 5,9x
Uptrending channel will meet with the resistance at the end of August and than we can see some steep movements probably upwards or maybe some corrections. Until than, I expect the value will continue to 5,9x
Feragatname
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