USDTRY

The USD/TRY pair demonstrates a relatively strong performance against the US Dollar on a day when emerging market currencies generally exhibit robust performance. The Turkish Lira is positioned among the strong currencies with a 0.04% appreciation. Factors such as the retreat in U.S. bond yields and uncertainties in the elections in Japan in global markets may affect the movement scope of the USD/TRY pair. Additionally, economic data such as U.S. durable goods orders and the Michigan Consumer Sentiment could be decisive for the direction of the pair.

Technically, the USD/TRY pair is trading just above the 34.27 level. The first resistance level to watch on the daily chart is set at 34.30, while upward movements could follow 34.37 and 34.44 levels. In downward movements, the 34.22, 34.16, and 34.07 levels are monitored as support. The RSI indicator is at 40, presenting a negative outlook. The pair shows a 0.19% decline compared to the previous day, while downward risks remain in the overall technical outlook.