NDXUSD

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NDXUSD

The technology-focused Nasdaq Index is trading above the pivot level of 25072, but is adopting a cautious stance due to sensitivity to the Fed's interest rate policies. It is important to break through the resistance levels of 25319 and 25072 for the continuation of the uptrend. The increasing tendency to avoid risk may put pressure on the index towards the support level of 24982. Powell's speech and the Non-Farm Payroll data will play a decisive role in the index's weekly close.