USDTRY

The USD/TRY pair exhibits a weak outlook in an environment where the currencies of emerging countries diverge against the US Dollar. The Turkish Lira is performing weaker compared to other currencies like the Ruble and the Peso. The pressure on Chinese indices in foreign markets and the limited rises in US indices at the start of the day indicate a cautious atmosphere prevailing in global markets. Economic data to be observed in the US and any TL-based news flow from Turkey could influence the pair.

Technically, when examined on the 4-hour chart, the USD/TRY pair is currently trading at the 35.36 level. The levels of 35.3, 35.21, and 35.17 are monitored as support, while 35.4, 35.47, and 35.53 are followed as resistance points. Remaining above the 35.17 region, where the lower point of the Envelope indicator is located, may support optimism. The RSI indicator is at level 59, displaying a positive outlook. A change of 0.03% compared to the previous day is observed, indicating that the movement of the pair is relatively calm.