USDTRY

While differing movements are observed against the US Dollar in emerging markets, the Turkish Lira is also affected by this divergence in the USD/TRY pair. The Federal Reserve's rate cuts and cautious messages regarding future rate policies have led to an increase in the dollar index. This situation has increased pressure on the TL, causing the pair to trade near the level of 35.04. Developments in external markets, particularly the Federal Reserve’s interest rate decision and US economic data, continue to exert influence on the TL.

From a technical perspective, the USD/TRY pair is trading around the 35.03 level. In the upward movement of the pair, the resistance levels of 35.07, 35.12, and 35.19 are important. In downward movements, the levels of 34.99, 34.9, and 34.84 can be observed as support levels. The RSI indicator is at 56 and presents a positive outlook. The pair shows a relatively flat trend with a 0.03% change compared to the previous day. As long as it stays above the 34.84 level, which is the lower point of the Envelope indicator, the pair has the potential to maintain its optimistic momentum.