USDTRY

The USD/TRY pair may experience fluctuations influenced by critical developments such as the US elections and the upcoming Fed interest rate decision. During a period when the dollar index is weakened by pre-election uncertainties, the Turkish Lira's efforts to remain strong are noteworthy. The inflation rate in Turkey for October coming out above expectations is putting pressure on the TL, but it is observed that the TL is relatively performing more strongly among emerging market currencies. Uncertainties in global markets could also lead to fluctuations in the USD/TRY pair.

From a technical perspective, the USD/TRY pair is trading close to the 34.30 level. The 34.30, 34.22, and 34.16 levels can be monitored as support. In upward movements of the pair, resistance levels of 34.37, 34.43, and 34.49 are significant. The RSI indicator is at the 46 level, exhibiting a neutral outlook. The pair is trading with a 0.018% decrease compared to the previous day. If it falls below the 34.30 support level, movements in favor of the TL may accelerate; however, if it maintains above this level, upward attempts may continue.