USDTRY

When looking at the performance of emerging market currencies against the US Dollar, the USD/TRY pair stands out due to the weak trend of the Turkish Lira. Despite the mixed trends in global markets, the pair is shaped by the new sanctions imposed by the US on China and expectations regarding the Fed's interest rate policies. The recent decline in the dollar index might have put some pressure on USD/TRY. However, unless there is significant domestic news flow, no major change is expected in the overall direction of the pair.

In technical analysis, USD/TRY is trading at the 34.64 level. Levels of 34.56, 34.47, and 34.39 are monitored as support, while 34.66 is the initial resistance level. If this level is breached, movement towards the resistance levels of 34.74 and 34.81 might be observed. The RSI indicator is at the 60 level and presents a positive outlook. Considering that the pair registered a 0.02% decline compared to yesterday's close, it seems likely that it will maintain its current optimism and test the resistance levels.