NDXUSD

For NDXUSD While volumes were low on global stock exchanges after Christmas, the Nasdaq index continued its recent rally yesterday with a 0.5% increase. While the Fed's 2024 interest rate cut expectations were moving above 80% for March, the Nasdaq index futures opened the day at 16920. As long as the Nasdaq index moves above the 16900 - 17000 region in the short term, the potential for upward movement continues. In increases, the 17000 - 17100 levels can be followed as resistance. Alternatively, in the corrections that the index will make from the peak levels downward, it can be observed that it falls below the 16900 support and closes below the level, and retreats towards the 16740 level can be observed. Support: 16850 - 16680 Resistance: 16990 - 17100