NDXUSD

In the technology index, the positive outlook from U.S. data yesterday highlighted a shift towards riskier assets. The rapid recovery in the Philadelphia Fed Index and strong retail sales supported the upward movement in NDXUSD. As long as it stays above the pivot of 23034.88, resistance levels of 23221.95, 23293.03, and 23422.18 will be on the agenda, while support levels of 22963.75, 22776.68, and 22647.57 will also be in focus. The better-than-expected U.S. data is maintaining a positive trend in the index.