NDXUSD

The technology-focused Nasdaq 100 index is trading above the pivot level of 24810.79 but is exhibiting a cautious stance due to sensitivities regarding the Fed's interest rate policies. For the continuation of the upward trend, it is crucial to surpass the resistance levels of 24906.37 and 25081.34. The increasing risk aversion trend may pressure the index towards the support level of 24635.82. Powell's speech and the Non-Farm Payroll data will play a decisive role in the index's weekly close.