USDTRY

The USD/TRY pair is attracting attention due to increasing uncertainties in global markets. While election uncertainty in the US and uncertainties regarding the Chinese economy exert pressure on the markets, limited pullbacks in the Dollar index are also influencing USD/TRY. The Turkish Lira, on the other hand, is relatively showing strong performance among emerging market currencies. The CBRT's interest rate decisions and the inflation trend are among the key factors determining the course of the TL.

From a technical perspective, the pair is trading near the resistance level of 34.30. In upward movements, the levels of 34.36 and 34.44 are being monitored as resistance. In downward movements, the levels of 34.22, 34.16, and 34.07 are being followed as support. The RSI indicator is at the level of 54, presenting a slightly positive outlook in the market. Transactions continue with a 0.02% decline compared to the previous day. If USD/TRY surpasses resistance levels, the positive outlook may strengthen.