USDTRY

Amid fluctuations in emerging markets, the Turkish Lira is relatively stable against the USD. In global markets, the decision by the US Federal Reserve (Fed) to keep interest rates steady has created limited optimism in Asian markets. However, local economic dynamics and potential sharp news flows continue to be determining factors for the TL's performance in Turkey. The European Central Bank's interest rate cuts and US economic data may also have indirect effects on the direction of the USD/TRY pair.

Technically, the USD/TRY pair is trading at the level of 35.77. In the short term on the chart, a tendency to compress between the 35.59 support and 35.80 resistance levels is observed. In the upward movement of the pair, the levels of 35.87 and 35.95 can be monitored as resistance. In downward market movements, the levels of 35.71, 35.66, and 35.59 are being tracked as support. The RSI indicator is at a neutral level, and the market is displaying a calm outlook. Although a change in short-term trend is not expected for the pair, markets continue to pay attention to support and resistance levels.