USDTRY

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USDTRY

In an environment where emerging market currencies generally maintain their strength against the US Dollar, the Turkish Lira is showing a relatively positive performance. In the post-Trump era in the United States, there is an expectation that interest rates will be reduced at a slower pace due to the Federal Reserve's interest rate cut decisions and uncertainties in the global economy. This situation may put pressure on the US Dollar. For Turkey, the existing economic conditions and global developments continue to shape the performance of the Turkish Lira.

Technically, when examining the USD/TRY pair on the daily chart, the levels of 34.16 and 34.09 stand out as support regions, while resistance levels are observed at 34.22 and 34.30. The pair is currently trading at the 34.18 level, and the RSI indicator shows a neutral outlook at 46. In the last 24 hours, the pair has shown a limited change of 0.018%. As long as support levels are maintained, upward movements in the pair can be observed, but surpassing the resistance levels could increase the momentum of the rise.

Support :

34.16 - 34.09 - 34.03

Resistance :

34.22 - 34.3 - 34.37