USDTRY

The USD/TRY pair is trading on a neutral line amid the performance of emerging market currencies against the US Dollar. The Turkish Lira presents a balanced outlook compared to other currencies. Limited bond yield increases in the US and restricted gains in the dollar do not seem to have had a significant impact on the Turkish Lira. Calmness observed in Asian markets and inflation expectations in the UK are drawing attention in international markets. However, geopolitical risks are creating some tension in the markets, especially with their impact on gold prices.

When looking at the price movement on the chart, the USD/TRY pair is monitoring support levels at 34.45, 34.39, and 34.33 in the short term. On upward movements, resistance levels of 34.52, 34.57, and 34.63 stand out. The pair is currently trading at the 34.52545 level, indicating a 0.22% increase compared to the previous day. The RSI indicator has a positive outlook, which may support the upward movement of the price. According to the Envelope indicator, if the price surpasses the 34.67 level, the upward movement could become stronger. However, a tendency to squeeze may persist below this level.