NDXUSD

The Nasdaq 100 index, which is heavily weighted towards U.S. technology stocks, shows a high sensitivity to changes in interest rate expectations and economic growth expectations. "Good" data from the U.S. can support the index by indicating the strength of economic activity, while on the other hand, it can raise expectations that the Fed may continue its tight monetary policy, potentially putting pressure on technology stocks due to interest sensitivity. Today's U.S. New Home Sales data is expected to have a partial impact on pricing. For the Nasdaq, which is trading above the pivot level of 21127.64, how the U.S. data will be interpreted by the markets and how interest expectations will shape will determine whether the index will head towards the resistance levels of 21286.78 (D1), 21423.89 (D2), and 21572.01 (D3), or be pulled towards the support levels of 20990.53 (S1), 20831.39 (S2), and 20683.26 (S3).