USDTRY

The Turkish Lira is displaying a relatively strong performance among the currencies of emerging markets. Although the USD/TRY pair is weaker compared to stronger currencies like the Peruvian Sol, it is ahead of the South African Rand. The pair is currently trading near the level of 34.27. During this period, when a mixed trend prevails in global markets, the uncertainties in Asian markets and the impacts of corporate earnings in the US are being monitored closely. Additionally, the influence of uncertainties regarding the US elections on gold prices is also being watched closely.

When looking at the technical outlook of the USD/TRY pair, the level of 34.09 stands out as an important support point. As long as the pair stays above this support, it can continue to exhibit a positive outlook. In upward movements, resistance levels at 34.30 and 34.37 should be monitored. Especially sustained movements above the level of 34.44 can contribute to strengthening the upward trend. The RSI indicator is showing a neutral trend, indicating that the market is currently searching for a clear direction. The pair has shown a slight increase of 0.01% compared to the previous day.