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NDXUSD

NDXUSD
NDXUSD
In U.S. technology indices, investors will closely monitor the Conference Board Consumer Confidence data to be released today. A stronger-than-expected reading may support the strong outlook for the U.S. economy and cause expectations for Fed rate cuts to be delayed. This could increase selling pressure on interest-rate-sensitive technology stocks. Messages regarding energy prices from the OPEC Meeting are also among the developments that may influence the index through inflation expectations. Accordingly, the selling-pressure-driven trend is expected to continue in the technical outlook.
Support
27575.35 – 27144.53
Resistance
28519.85 – 29033.53

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