USDTRY

The USD/TRY pair moves along with the general weakness of emerging market currencies. With a slight depreciation of the Turkish Lira against the dollar, the pair is trading near the level of 35.48. In global markets, especially due to the low inflation data in the U.S. and the Fed's interest rate cut expectations, a general optimism is being created. However, the situation of the Turkish Lira reflects this positive atmosphere in a limited manner, especially due to domestically sourced economic uncertainties.

Technically, the USD/TRY pair is being monitored on a 1-hour time frame on the chart. It is observed that the pair is testing the resistance level of 35.50. In upward movements, the levels of 35.58 and 35.65 stand out as critical resistance points. In downward movements, the levels of 35.37, 35.29, and 35.22 can be monitored as support. The RSI indicator is at the level of 52 and exhibits a neutral outlook. The pair has shown a 0.07% increase compared to the previous day, indicating a slight upward trend.