USDTRY

The USD/TRY pair stands out with the divergence of emerging market currencies against the US Dollar. The weaker performance of the Turkish Lira compared to other currencies in Latin America and Asia puts pressure on the exchange rate. Uncertainties regarding the Fed's interest rate policy from the US and high inflation expectations could lead to an appreciation of the dollar. Efforts to recover in Asian markets and the flat trend in US index futures increase uncertainty in global markets.

From a technical perspective, the USD/TRY pair finds support at the 35.71 level, while resistance is observed at 35.8, 35.87, and 35.92 levels. The pair is being traded on an hourly timeframe. The RSI indicator is at the 53 level, displaying a slightly positive outlook. The pair increased by 0.05% in the last 24 hours. A move above the 35.92 resistance level could contribute to strengthening the upward movement. However, a trend towards consolidation between 35.56 and 35.92 can also be observed.