NDXUSD

Fed Chairman Powell stated on Monday that the latest inflation data gave confidence that it was declining towards the target and that the Fed would not wait for inflation to reach the 2% target to lower the interest rate. These statements supported the expectations that the interest rate would be lowered and supported the NDXUSD index to recover somewhat. In terms of index pricing, retail sales data can be monitored during the day. Technically, as long as it limits the downward demand in the 20390 - 20295 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 20490 and 20610 levels. In the alternative view, permanent pricing may be needed below the 20390 - 20295 area for the downward trend to become dominant. In this case, movements towards the 20140 and 19960 levels can be monitored. Support: 20390 - 20295 Resistance: 20490 - 20610