NDXUSD

The Nasdaq 100 index is trading around the pivot level of 22811.85. The FOMC minutes released yesterday revealed that Fed members are divided on interest rate cuts in 2025, with some members believing that there may not be any rate cuts at all. The delay in interest rate cuts could put pressure on high-valued technology stocks. Since there is no significant data on the economic calendar today, focus will be on technical levels. Resistance at 22913.95 may see targets of 22998.85 and 23092.95 above it. In case of pullbacks, support levels of 22726.95 and 22624.85 will be monitored. The upcoming earnings season starting next week will be closely watched.