USDTRY

The Turkish Lira is demonstrating weak performance among emerging market currencies, struggling to stay downwards in the USD/TRY pair. Increasing uncertainties in global markets, especially Trump's tariffs on China, Mexico, and Canada, along with geopolitical tensions, are exerting pressure on the markets. While consumer confidence reports in the US draw a positive picture, expectations regarding the Fed's interest rate policy also keep the market's attention. In this context, it is notable that the Turkish Lira exhibits a weaker outlook compared to other emerging market currencies.

Technically, the USD/TRY pair is trading at the 34.605 level, with the 34.63 resistance level standing out. In upward movements of the pair, resistance levels of 34.68 and 34.74 can be monitored. In the event of a downward movement, support levels of 34.5, 34.39, and 34.3 can be followed. The RSI indicator is at the 58 level, presenting a positive outlook, indicating that upward movements may continue. There is a 0.20% increase recorded compared to yesterday's close in the pair.