USDTRY

The USD/TRY pair is showing a weak trend among emerging market currencies, currently trading at 34.22. While a mixed outlook prevails in the Asian indices in global markets, Chinese markets are showing a positive divergence. There is a cautious atmosphere in the markets due to uncertainties regarding the Fed's interest rate policy and the impact of stimuli in China. The relative weakness of the Turkish Lira against global developments increases upward pressure on the USD/TRY pair.

Technically speaking, the USD/TRY pair continues to trade above the support levels of 34.16, 34.09, and 34.06. In upward movements, the resistance levels of 34.23, 34.30, and 34.35 can be monitored. The RSI indicator is showing a positive trend, signaling an upward movement. The pair has increased by 0.05% compared to its previous closing. It is important to note that if the pair manages to maintain sustainable movements above 34.40, the upward momentum could strengthen. Otherwise, pullbacks towards support levels might be observed.