NDXUSD

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NDXUSD

The Nasdaq100 index maintains its upward trend with optimism following positive data from the U.S. and the post-Christmas holiday mood in the markets. A 1% rise on the Nasdaq in the U.S. has also created a positive atmosphere in Asian indices, while the U.S. 10-year bond yields hovering at 4.58% is noteworthy. The dollar index is showing a tendency to rise again following profit-taking. Despite the Richmond Manufacturing Index remaining in negative territory, recovery signals support optimism. Positive impacts of the Honda and Nissan merger news are also seen in Asian markets.

Technically, if the index continues to stay above the 21600 - 21700 levels, it may move towards the resistance levels of 21800, 21900, and 22000. Its permanence above the support levels of 21700 and 21600 is crucial. The RSI indicator on the chart is around 52 and displaying a neutral outlook. The index has recorded a 0.10% increase compared to the previous day, indicating a slightly positive market trend.

Support :

21700 - 21600 - 21500

Resistance :

21800 - 21900 - 22000