NDXUSD

Trump’s trade policies towards Canada, Mexico, and China are causing fluctuations in the NASDAQ100 index. The threat of tariffs towards the European Union and investments in AI infrastructure are leading to complex market reactions. While Netflix's strong quarterly results provide support to the index, the decline in Apple is attributed to some analysts' rating downgrades. As Asian markets continue efforts to stabilize following Trump's statements, U.S. futures maintain a positive trend led by Nasdaq.

The NASDAQ100 index is trading above the 21600 – 21700 support zone according to its technical outlook on the 4-hour chart. As long as the index maintains its pricing above this zone, it bears the upward potential to rise towards the resistance levels of 21900 and 22000. The RSI indicator exhibits a positive outlook with a 0.42% increase from the previous day. However, if a sustained decline is experienced below the 21600 – 21700 support zone, a pullback to the levels of 21500 and 21400 might be seen. The crucial level of the day stands out as the 21600 – 21700 support.