CBRT rises the one-year repo rate to %15 from %10.25. This rate hike is expected by the market and the price fell to near 7.51 after the news. 7.45 is a powerful support level for USDTRY, if price continues to hold over this support we may see a consolidation period and after that a possible continuation of the upward trend. Below this support, 7.20 can be a target for downside moves which is also near the level of last to tops.
You can study more technical levels and helpful indicators in our previous analysis.
