ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index Gains Strength from the Easing of the Dollar
The 100 basis point rate hike is no longer in the discussion, and a moderate weakening in the currency continues to support relatively risk-sensitive assets just days before the crucial July meeting of the US Federal Reserve (FED). Technically, if the technology index rises over the 12 420 level with steady closing, it can continue to rise until the 12 550 resistance, which alludes to the recovery's continuance on the third trading day of the week. 12 140 and psychological 12000 levels can be tracked in potential downward movements.
