USDTRY

The US Dollar started the week strongly, influenced by Trump's statements regarding BRICS countries and the positive sentiment in Asian markets. The Turkish Lira's weak performance compared to the currencies of other developing countries is noteworthy. The USD/TRY pair traded close to the 34.71 level during the day. The global appreciation of the dollar and the weak course of the Turkish Lira are increasing the upward pressure on the pair. In particular, manufacturing data from the US and Europe may influence the pair's trend.

From a technical perspective, the USD/TRY pair may find support at the 34.66, 34.56, and 34.51 levels. In upward movements, the 34.78, 34.86, and 34.94 levels are monitored as resistance. The RSI indicator is at the 60 level, indicating a positive trend in the market. The pair rose approximately 0.04% compared to the previous day. It is possible for the exchange rate to show a tendency to consolidate between 34.46 and 34.86; however, persistence above 34.86 could lead to strengthened pricing.