USDTRY

The Turkish Lira is displaying a weak outlook on a morning when currencies of developing countries generally exhibit strong performance. The TL's depreciation against the dollar is causing the USD/TRY pair to be traded at the 34.69 level. Factors such as China's optimism in global markets and inflation expectations in the Eurozone are affecting the overall market sentiment. Specifically, in Turkey, the third-quarter growth data is being closely monitored, which might influence the economic outlook.

Technically, the USD/TRY pair continues to stay above the 34.47 support level in the short term. This situation might support the pair's upward movement and create a space for it to move toward the resistance levels of 34.74, 34.82, and 34.90. The RSI indicator on the chart is at the 55 level, showing a positive trend. The pair has experienced a change of 0.24% compared to the previous day. If the price can maintain a position above the 34.82 level, the upward trend may strengthen further. Otherwise, it is likely that the pair may show a tendency to consolidate between 34.47 and 34.82 for a while.