USDTRY

The USD/TRY pair is trying to find direction amid developments in global markets. The dollar is strengthening with the ISM services PMI and JOLTS job openings data from the US coming in above expectations. This situation could put pressure on the Turkish Lira. However, the neutral stance of the TL against other emerging market currencies is noteworthy. The rise in US bond yields and uncertainties regarding the Fed's interest rate policies continue to influence the pair.

Technically, it is observed that the USD/TRY pair is close to the 35.35 resistance level on the 4-hour chart. In upward movements, the 35.40 and 35.45 resistance levels gain importance. In potential pullbacks, the 35.28, 35.22, and 35.15 support levels can be monitored. The RSI indicator is at the 60 level, indicating a slightly positive trend in the market. The pair has risen by 0.11% compared to the previous day. Price may become compressed between support and resistance levels, so movements at these levels should be closely monitored.