USDTRY
The USD/TRY pair is being shaped by the uncertainty created by the U.S. election results and the growth-oriented policies of the Trump administration. The U.S. dollar index has shown strong performance, reaching its highest levels since July. This situation affects the risk perception in global markets and creates pressure on emerging market currencies. However, the Turkish Lira exhibits a stronger stance compared to other currencies, limiting the fluctuations in the USD/TRY pair.
When analyzing the USD/TRY pair in a 4-hour timeframe on the chart, the 34.30 level emerges as strong support. In upward movements, the resistance levels of 34.37 and 34.43 should be monitored. If the pair surpasses these resistance levels, it may move towards the 34.48 level. The RSI indicator is at 52, showing a neutral outlook. There has been a slight decrease of 0.04% compared to the previous day, indicating that the market is moving sideways.
Support :
Resistance :