USDTRY

On a day when the currencies of emerging countries diverged against the US Dollar, the USD/TRY pair draws attention with the weak performance of the Turkish Lira. While the Philippine Peso is the strongest currency, the Turkish Lira is on the weaker side with a 0.18% loss. In global markets, uncertainty prevails ahead of the Fed's preferred PCE inflation data, while the US Dollar is observed to maintain its strong trend. This supports an upward bias in the USD/TRY pair.

From a technical standpoint, the USD/TRY pair is trading at 35.16. The resistance levels in the upward movement of the pair are observed at 35.19, 35.27, and 35.35. The support areas below are highlighted at 35.10, 34.99, and 34.91. The RSI indicator stands at 55, presenting a neutral outlook. The pair has increased by 0.16% compared to the previous day. As long as the pair remains above the 34.91 support level, the continuation of upward movements can be anticipated.