USDTRY – 09.01.2018

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Turkish Lira was one of the worst performing currencies against US Dollar, lost close to 20% value in 2017.

Looking at the current value, USDTRY is trading at 3.74, roughly around 6% lower than all time high value of 3.98.

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So shall we expect further drops on USDTRY?

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We would say no. We believe there will be spike shortly to 3.7860. If this resistance can be broken, we may see 3.84 level.

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This cannot be considered an investment advise!!