NDXUSD

The Nasdaq index reached new records despite Fed Chair Powell emphasizing the need for more data, as expectations for a September interest rate cut remained alive ahead of the June inflation data to be announced in the US today. The important data of the week, inflation, will be the title we will follow. Technically speaking, as long as the 21 (21190) period exponential moving average currently supports the 20580 - 20485 region, the positive trend may continue. If the upward trend continues, there may be movement towards the 20720 and 20810 levels. In the alternative view, permanent pricing may be needed below the 20580 - 20485 region for the downward trend to become dominant. In this case, movements towards the 20390 and 20260 levels can be monitored. Support: 20580 - 20485 Resistance: 20720 - 20810