NDXUSD

Following Fed Chairman Powell’s signals at the beginning of the week that the Fed would be cautious about reducing, FOMC member Mester’s statements in his speech the other day, “It would be a mistake to cut interest rates too early or too quickly without sufficient evidence that inflation will return to the 2% target in a sustainable manner, have led to a decline in risk appetite in stock markets. As long as the Nasdaq index remains within the 17500-17600 region, the decision-making stage scenario is at the forefront. For positive expectations, it may be necessary to see the index remain above the 17600 resistance. In the continuation of the rise, the 17700-17800 levels can be monitored as resistance. In the alternative scenario, negative expectations may come to the fore with the index falling below the 17500 support. In the continuation of the decline, the 17400-17300 levels can be monitored as support. Support: 17500-17400 Resistance: 17600-17700