USDTRY

The USD/TRY pair is trading near the 34.87 level in an environment where the Turkish Lira is weak compared to the currencies of other emerging countries. The positive sentiment in Asian markets and U.S. inflation expectations do not put significant pressure on the Dollar. However, the generally weak performance of the Turkish Lira allows the pair to move upwards. Additionally, expectations regarding interest rate policies of the U.S. and European Central Banks are among the factors that the market closely monitors.

Technically, the USD/TRY pair is testing the 34.88 resistance level, and if this resistance is surpassed, a movement towards the 34.94 and 35.02 levels can be seen. In downward movements, the 34.76, 34.68, and 34.58 levels are monitored as support. The RSI indicator shows a neutral appearance at the current level of the pair, and the market is showing a 0.05% increase. During this period where the pair is moving within a narrow range, a potential trend change is anticipated if significant levels are breached.