USDTRY

Following US President Trump's decision on tariffs targeting Canada and Mexico, it is observed that the Mexican Peso is weakening against the US Dollar. During the same period, the Turkish Lira is also among the currencies unable to strengthen against the dollar. While changes in US energy and climate policies are closely monitored in the markets, the dollar index shows a volatile trend. These developments in global markets may affect the USD/TRY pair, but the general weakness of the Turkish Lira is notable.

In technical analysis, the USD/TRY pair is trading near the level of 35.57, moving between support at 35.38 and resistance at 35.73 in the short term. Staying above the lower point of the Envelope indicator at 35.38 suggests that the pair may continue its upward momentum. Resistance levels at 35.60, 35.66, and 35.73 should be monitored. The RSI indicator is at 54 and portrays a positive outlook. The pair shows a 0.07% increase compared to the previous day. Surpassing the 35.73 resistance could lead to a strengthening of the upward trend.