NDXUSD

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NDXUSD

The NDX/USD pair is entering a period in December where lower trading volumes are expected in the markets due to the Christmas holiday. However, growth data from the UK and Canada, along with key data from the US such as durable goods orders and unemployment claims, could create volatility in the markets during this period. With Asian markets starting the week positively and US PCE inflation falling below expectations, a generally optimistic atmosphere prevailed, leading to positive closings in US indices. However, the attention is drawn to the fact that US index futures started the week with losses. This scenario, combined with global economic data, may influence the direction of the indices.

Technically, as long as the NASDAQ 100 index stays above 21600, it seems to have the potential to continue its upward trend. Staying above the 21 and 89-period moving averages indicates that the index could move towards resistance levels of 21800, 21900, and 22000. However, if movements below these levels are observed, pullbacks towards support levels of 21500 and 21400 may be possible. The RSI indicator is at the level of 192.1 and presents a positive outlook. It is also important to note that the index gained 0.90% in value compared to the previous day. This situation could indicate the continuation of a possible upward trend.

Support :

21600 - 21500 - 21400

Resistance :

21700 - 21800 - 21900