USDTRY

The USD/TRY pair is exhibiting a neutral outlook despite the calm trend of the US Dollar in global markets. The PPI data from the US showing an increase above expectations may lead the Fed to be cautious in its future actions. Uncertainties related to Trump's trade policies continue to exert pressure on the dollar. This situation also impacts the Turkish Lira among emerging market currencies. The weak performance of the TL causes the USD/TRY pair to trade sideways during the day.

From a technical perspective, the USD/TRY pair is trading near the 35.47 level. A move above the resistance level of 35.50 in the upward direction could provide momentum towards 35.58 and 35.64 levels. In downward movements, the support levels of 35.37 and 35.28 are being monitored. The RSI indicator at the 50 level offers a neutral outlook. It is observed that the pair has decreased by 0.01% compared to the previous day. In light of this data, the pair seems likely to show a tendency to get stuck in a narrow band.