USDTRY

USD/TRY parity is showing an upward trend influenced by the weak performance of the Turkish Lira among emerging market currencies. While the Thai Baht is the weakest currency of the day, the Hungarian Forint stands out as the strongest. The Turkish Lira is observed to be on the weaker side with a drop of 0.07%. Before the Fed's monetary policy statement, which will be announced this evening in the US, a cautious atmosphere prevails in the markets. Expectations of a Fed rate cut could thus be a decisive factor for the USD/TRY parity.

In technical analysis, the USD/TRY parity is attempting to stay above the support at the 34.80 region. In upward movements, the levels of 35.07, 35.15, and 35.23 can be monitored as resistance. The parity is trading at 34.92, showing a 0.15% increase compared to the previous day. The RSI indicator is at 45, showing a neutral outlook. As long as there is permanence above the 34.80 support, upward movements in the parity may continue. However, the possibility of congestion in the 34.80-35.15 range should also be considered.