NDXUSD

NDXUSD is showing a limited recovery thanks to declining 10-year bond yields during a period when US markets are closed due to the Thanksgiving holiday. The holiday in the US creates low trading volume in the markets, while the declining bond yields provided support to the tech-heavy NASDAQ100 index. While the policy makers' steps in China to boost consumption are welcomed positively in Asian markets, inflation expectations in Europe and the ECB's subsequent interest rate policies may influence market movements.

Technically, NDXUSD is trading above the 20785 – 20900 support region on the 4-hour chart. As long as it maintains above these levels, the upward momentum can be sustained and the resistance levels of 21000 and 21100 can be targeted. The RSI indicator is at 57 and exhibits a positive outlook. On the other hand, if a 4-hour close occurs below this support area, the index could face a downward trend, bringing the support levels of 20680 and 20500 into focus. The index shows a 0.12% increase compared to the previous day.