USDTRY

The USD/TRY pair is drawing attention as emerging market currencies exhibit a weak performance against the US Dollar in global markets. While the Turkish Lira has experienced a slight depreciation against the dollar during the day, the Russian Ruble stands out as the strongest currency in the region. Political and economic developments in Asian markets may also exert indirect pressure on the Turkish Lira. Political turmoil in South Korea and China's inflation data could affect investor risk perception and increase demand for the dollar.

From a technical standpoint, the USD/TRY pair may find support at the 34.76, 34.66, and 34.56 levels, while upward movements are monitored at resistance levels of 34.84, 34.91, and 34.99. The chart indicates a short-term upward trend. The RSI indicator shows a neutral stance, staying close to the 50 level. The pair has risen by 0.11% compared to the previous day. As long as it remains above the lower boundary of the Envelope indicator at 34.58, the upward trend in the pair may continue.