NDXUSD

The Nasdaq, the most sensitive index to interest rate cuts, is preparing to close the week close to record levels, boosted by the Fed's dovish actions. Following a 25 basis point cut, intense buying in technology stocks pushed the index above the 24067.10 pivot, breaking the 24123.70 resistance. The rally, supported by Powell's statements, is currently targeting the 24185.50 resistance. It would not be a surprise if this level is also surpassed on the last trading day of the week. In the event of possible profit-taking, the levels of 24123.70 and 24067.10 will be monitored as intra-day supports, respectively.