NDXUSD

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NDXUSD

With Powell saying that the confidence that the Fed is declining inflation as targeted may last longer than expected, expectations for a June interest rate cut have declined further, while US stock markets closed yesterday in negative territory. The Nasdaq index, which started positively in the middle of the week, albeit limitedly, can be followed during the day due to the course of the US stock markets and its effects on the Beige Book index. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17800 -17900 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17600 - 17500 levels can be followed as support. For positive expectations, the index can be expected to remain above the 17800 level. If the 17700 level works as support, upward recoveries towards the 17800 - 17900 levels can be followed. Support: 17600 – 17500 Resistance: 17800 – 17900