USDTRY

The USD/TRY pair is trading in an environment where the currencies of developing countries exhibit varied performances against the US Dollar. The Turkish Lira shows a weak trend with a 0.04% decrease, while the USD/TRY pair is trading near the 34.75 level. Global developments in Asia and upcoming economic data from the US are among the fundamental factors that can influence the pair. In particular, private sector employment and services PMI data to be announced in the US could be significant for the direction of the dollar.

From a technical perspective, the USD/TRY pair may find support at the 34.66 and 34.56 levels, while upward movements may see resistance at the 34.78 and 34.86 levels. The pair is currently trading at the 34.7386 level, indicating a 0.08% decrease compared to the previous day. The RSI indicator is at 48, presenting a neutral outlook. The current technical outlook suggests that the pair could fluctuate within the 34.56 – 34.91 range, and the support-resistance levels within this range should be closely monitored.