NDXUSD

The NASDAQ100 index is striving for recovery with the rise in technology sector stocks. However, the yield on the 10-year treasury bonds exceeding 4.2% is exerting pressure on this recovery. Increasing geopolitical risks in the Middle East and uncertainties regarding the U.S. presidential elections are also keeping the risk perception high. Today, the speech by FOMC member Harker and the Richmond Fed manufacturing index could influence the direction of the index. These factors are causing investors to remain cautious.

Technically, the NASDAQ100 is trading in the 20250 - 20500 range and can be said to be at a decision-making stage within this range. The 20500 level stands out as a critical resistance point, and it seems difficult to gain a positive outlook unless this level is sustained. In upward movements, the 20650 and 20750 resistance levels should be monitored. However, if it remains below the 20250 level, a negative trend can be expected, and the support levels of 20150 and 20000 could become significant. The RSI indicator stands at 48, indicating a neutral trend. The index experienced a 0.34% loss compared to the previous day.