USDTRY

The USD/TRY pair is drawing attention as the Turkish Lira remains weak on a day when currencies of emerging countries diverge against the US Dollar. The performances of other currencies, particularly like the Brazilian Real and Thai Baht, make the weak stance of the TL against the USD even more pronounced. In the US, economic indicators such as the Chicago PMI data coming in below expectations and the increase in pending home sales are guiding the markets, while uncertainty over the Fed's interest rate policy continues.

Technically, the USD/TRY pair is trading at the 35.26 level. Support can be monitored at the levels of 35.21, 35.11, and 35.01, while resistance in upward movements can be followed at 35.30, 35.36, and 35.41 levels. The RSI indicator is at the 60 level, showing a positive outlook. There is a 0.53% increase compared to the previous day, indicating that the upward movement may continue in the short term. The purple lower point of the Envelope indicator is at the 35.01 level, and as long as the pair stays above this level, it may have the tendency to maintain its upward trend.