USDTRY

The USD/TRY pair is trading in an environment where emerging market currencies are exhibiting a volatile trend against the dollar in global markets. On a day when the Peruvian Sol displayed strong performance, the Turkish Lira stands out as the weakest currency with a depreciation of 0.28%. While positive developments in China and upcoming employment data from the U.S. occupy the external market's agenda, recent decisions by the Banking Regulation and Supervision Agency (BDDK) and the Capital Markets Board (SPK) draw attention domestically. Economic uncertainties and inflationary pressures in Turkey continue to exert pressure on the Turkish Lira.

From a technical perspective, the USD/TRY pair has found support at the 34.76 level. The exchange rate's continued presence above the 34.56 level could support upward movements. Resistance levels at 34.84, 34.91, and 34.99 should be considered. The RSI indicator stands at 48, displaying a neutral outlook. The pair has experienced a 0.28% change compared to the previous day. The chart suggests that the pair may be confined to a narrower range, but if it maintains stability above the 34.91 resistance, upward movements could gain momentum.