USDTRY

The USD/TRY pair is experiencing a day where emerging market currencies are showing varied performances against the US Dollar. The Turkish Lira, alongside the Polish Zloty, exhibits a weak outlook, drawing attention with a 0.12% depreciation. In global markets, the positive trend in Asian stocks and the decline in US bond yields, along with weakness in the dollar index, contribute to the volatile course of the USD/TRY pair. The increase in geopolitical risks and news of US support for Ukraine also heighten uncertainties in the markets.

On the chart, the USD/TRY pair is trading around the 34.59 level. Technically, the 34.36 - 34.39 region stands out as an important support level. As long as the pair stays above this region, it may move towards 34.63 resistance, followed by 34.70 and 34.78 levels. The RSI indicator is at the 40 level and shows a negative trend. The daily change has occurred at a rate of 0.40%. If the price breaks the 34.36 support, further pullback may be observed.