USDTRY

The USD/TRY pair is moving based on the performance of emerging market currencies against the US Dollar. The Turkish Lira, with a 0.05% weakening, ranks among the weaker currencies of the day. The USD/TRY pair is currently trading at the level of 34.74. While mixed trends are observed in the Asian markets, data from the US and statements from Fed Chair Powell are causing a cautious stance in global markets.

In technical analysis, the USD/TRY pair is being monitored on hourly charts. The 34.66 level stands out as the initial support, while the 34.56 and 34.46 levels are other support points. In upward movements, the 34.78 resistance plays a significant role, and if this level is surpassed, the 34.84 and 34.91 resistance levels can be considered. The RSI indicator is at the 50 level, showing a neutral outlook. The pair has experienced a slight pullback with a 0.05% change compared to the previous day.