USDTRY

The USD/TRY exchange rate is displaying a weak outlook, paralleling the movements of emerging market currencies against the US Dollar. The Turkish Lira has depreciated by 0.08%, with uncertainties regarding the CBRT's interest rate decision exerting pressure on the exchange rate. In international markets, particularly the downturn of US and Asian stock exchanges and the increase in geopolitical risks are also boosting demand for the Dollar. After yesterday's rise, the Dollar index is showing a calm trajectory, which is among the fundamental factors affecting the USD/TRY exchange rate.

In technical analysis, the USD/TRY pair is trading near the 34.48 level. In short-term movements, the levels of 34.39 and 34.30 are monitored as support. In upward movements, the resistance levels to watch are 34.51 and 34.57. The level of 34.65 stands out as a stronger resistance point. The RSI indicator is at 60, showing a positive trend. The pair has increased by 0.17% compared to yesterday’s close. Persistence above 34.30 may support the pair's upward momentum, while closures below this level may increase short-term pressure.