NDXUSD

Fed Chair Powell's indication that they will not rush into cutting interest rates continues to exert pressure on the NASDAQ100 index. Additionally, the rise in the 10-year bond yield is another factor increasing the selling pressure on the index. Economic data such as retail sales and the NY Fed Empire State manufacturing index can also influence the market's direction. Particularly in the US, retail sales exceeding expectations provide a positive signal regarding consumption trends.

Technically, the NASDAQ100 index is trading below the 21000-21100 resistance zone. As long as it remains below this zone, downward pressure on the index is expected to continue. In this case, the levels of 20900 and 20800 are prominent as support. The 20800 level is supported by the 89-period exponential moving average, and price movements below this level could be significant for the continuation of the decline. On the other hand, if the index rises above the 21100 level, a recovery towards the 21200 and 21250 levels may be observed. The RSI indicator is at 45, showing a neutral trend. The index is trading with a 0.28% decline compared to the previous day.