USDTRY

The USD/TRY pair draws attention on a day when there is a divergence in the performance of emerging market currencies against the US Dollar, with the Turkish Lira continuing its weak performance. The Turkish Lira is lagging behind other currencies such as the Peruvian Sol and the Hungarian Forint with a 0.28% loss. Important developments such as Trump's inauguration in the US and the Bank of Japan's monetary policy statement are being closely monitored in the markets. Additionally, global trade and inflation concerns are prominent on the agenda.

From a technical standpoint, examining the USD/TRY pair on a 1-hour chart, it is trading at a resistance level of 35.58. In upward movements, 35.64 and 35.68 levels can be monitored as resistance. In downward movements, the 35.5, 35.4, and 35.31 levels are in support positions. The RSI indicator is at the 60 level, showing a positive trend. The pair has experienced a 0.48% rise. It is thought that the rate may be in a consolidation trend between 35.31-35.68, and no change in the trend direction is expected unless there is a sudden news flow based on the Turkish Lira.