USDTRY

The USD/TRY exchange rate is moving in line with the weak outlook of emerging market currencies against the US Dollar. The Turkish Lira, with a 0.09% loss, is among the currencies showing weak performance. In global markets, Asian indices are declining, while the economic expectations of the US and the impact of Trump's policies continue. Particularly negative expectations regarding the Chinese economy affect global markets and oil prices. In Turkey, the weak performance of the TL remains noteworthy.

On the chart, the USD/TRY exchange rate finds short-term support at the levels of 34.29, 34.22, and 34.16, while upward movements encounter resistance at 34.39, 34.45, and 34.51 levels. The Envelope indicator is marked in purple, and as long as the exchange rate stays above 34.16, a positive outlook can be expected. The RSI indicator is at the 60 level, indicating a positive outlook. The rate has increased by 0.12% compared to the previous day and continues to test short-term resistance levels.