USDTRY

The USD/TRY pair currently exhibits a relatively weak outlook among emerging market currencies. Factors such as the weakness of the Chinese economy in global markets and the U.S. interest rate policies put pressure on the Turkish Lira. At the same time, the strengthening of other currencies like the Peruvian Sol, along with the reduced expectations of an interest rate cut by the Fed in September, contribute to the weakness of the Turkish Lira against the Dollar. While Chinese economic stimulus packages remain insufficient, CPI data is expected to be released in the U.S. These global developments could influence the direction of the USD/TRY pair. The USD/TRY pair is trading near the 34.28 level on the 4-hour chart. Currently, the 34.08 level is monitored as a significant support point, while the levels of 34.28, 34.34, and 34.42 are followed as resistance in upward movements. The RSI indicator is at 56.51, showing a positive trend. It's observed that the pair has increased by 0.0017% compared to the previous day. The current price is seen as 34.25. Support:34.17 - 34.09 - 33.96 - Resistance:34.28 - 34.35 - 34.41 -