30 November 2020 Exchange Rate Analysis Dollar / TL
30 November 2020 Exchange Rate Analysis Dollar / TL – Domestic economic confidence index in Turkey Statistical Institute, according to figures closing session last week fell to 89.5 in November decreased by 3.5%.
On the US side, while the markets remained open for half a session due to the Thanksgiving holiday, the transaction volumes were limited, and we followed that the exchange rate closed the past week with a 0.5% decrease, priced at 7.83, with the continued positive outlook in Turkish assets.
From a technical point of view, it was observed that the exchange rate continued to be determinant at 7.83.
Support Points: 7.81 – 7.78 – 7.75
Resistance Points: 7.85 – 7.88 – 7.90