NDXUSD

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NDXUSD

For NDXUSD, the markets focused on the PCE data to be announced on Friday, when the stock market will be closed due to Good Friday. While risk appetite was limited before the data, the Nasdaq index could not maintain its intra-session gains and completed the day in the 0.42% negative region. While a monthly increase is expected in the US PCE data to be announced on Friday, the data, which is one of the inflation indicators that the Fed pays most attention to, will be the primary headline to be followed for index movements this week. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18200 – 18110 Resistance: 18400 – 18500