USDTRY

The USD/TRY pair is assessing the day in line with the different trends exhibited by emerging market currencies against the US Dollar. The Turkish Lira is among the weaker-performing currencies. The strong trajectory of the US dollar index and global trade tensions continue to increase the pressure on the TL. The mixed outlook in Asian markets and some adverse developments in the US may also indirectly affect the exchange rate. Given that today is the last trading day of the year, trading volume is likely to remain low.

Technically, USD/TRY is trading close to the 35.31 level. Support levels for the pair can be seen at 35.3, 35.21, and 35.11, while resistance levels in upward movements highlight 35.4, 35.46, and 35.5. The RSI indicator is at the 61 level, showing a positive outlook. This outlook may suggest that prices could move toward resistance levels. The pair has increased by 0.06% compared to the previous day, maintaining its short-term upward trend.