USDTRY

The Turkish Lira continues to exhibit a weak outlook against the US Dollar among the currencies of developing countries. Despite the strong performance of the Malaysian Ringgit, the weakness of the TL supports the rise in the USD/TRY pair. Significant developments, such as Trump's statements in Asian markets and the interest rate hike by the Bank of Japan, are also influential in the markets. Economic data from the US and the Eurozone may impact pricing in the upcoming period. Moody's credit rating assessment regarding Turkey is also important in terms of pressures on the TL.

Technically, the USD/TRY pair is trading at the 35.68 level. The 35.47 support is being monitored as an important level, and as long as it remains above this point, the pair is expected to maintain its upward potential. In upward movements, the resistance levels of 35.70, 35.75, and 35.82 should be monitored respectively. The RSI indicator is at the 60 level, showing a positive trend. The pair shows a 0.15% increase compared to the previous day, and the positive trend continues in the short term.