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.
So shall we expect further drops on USDTRY?
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.
This cannot be considered an investment advise!!