NDXUSD

The NASDAQ100 index continues its positive movement ahead of Nvidia's financial results. The artificial intelligence trend and developments in the technology sector are expected to impact Nvidia's performance. Although Ukraine's actions elevated geopolitical risks following Biden's approval of the ATAMCS missiles, statements from Russian Foreign Minister Lavrov suggesting there would be no nuclear war have reduced the impact of these risks. U.S. 10-year bond yields and the dollar index registered limited gains, and cautious pricing is observed in the markets.

Technically, the NASDAQ100 index continues to remain in the support zone of 20680 – 20785. As long as it stays above this level, the resistance levels of 20900 and 21000 can be monitored. The index is being analyzed on a 4-hour chart, with the RSI indicator level at 57, showing a positive trend. The index rose by 0.21% compared to yesterday's close. A close below the 20680 level could trigger a pullback to the support levels of 20500 and 20375. The 20500 level is crucial in determining whether declines will continue.