USDTRY

The USD/TRY pair is trading in an environment where the currencies of emerging markets are showing varied performances against the US Dollar. While the Malaysian Ringgit stands out as the weakest and the Chilean Peso as the strongest currency, the Turkish Lira is exhibiting a neutral performance. The USD/TRY pair is currently positioned near the level of 34.25. In the short term, the pair may tend to maintain its positive outlook as long as it stays above the 34.07 region.

From a technical perspective, the pair may find support at levels of 34.22, 34.16, and 34.07. In upward movements, the levels of 34.30, 34.35, and 34.41 can be monitored as resistance. The RSI indicator is hovering at the 60 level, and the market is showing an upward trend. A 0.03% decrease is observed in the pair compared to the previous day. A sustained move above the 34.41 level in USD/TRY could contribute to the strengthening of the upward movement.