NDXUSD

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NDXUSD

The NASDAQ100 index exhibits a limited pricing trend following President Trump's announcement of plans to impose additional tariffs on imports from China, Mexico, and Canada. These developments have led to declines in Asian markets, while American index futures maintain a calm course. Throughout the day, the Conference Board consumer confidence and FOMC meeting minutes should be closely monitored, as they could have potential impacts on the index.

From a technical analysis perspective, the NASDAQ100 index is trading at around 20813 on the 4-hour chart, with prices above the 21-period exponential moving average at the 20802 level. The range of 20785 – 20900 is monitored as a critical decision area. If the index sustains above the 20900 level, the upward movement may proceed towards the resistance levels of 21000 and 21100. On downward movements, 4-hour closings below the 20785 level indicate that the decline could continue towards support levels of 20680 and 20500. The RSI indicator is at 51 and presents a neutral outlook. A slight decline of 0.02% compared to the previous day is also observed.

Support :

20785 - 20680 - 20500

Resistance :

20900 - 21000 - 21100