NDXUSD

The technology index Nasdaq is completely focused on Wednesday's Fed decision due to its high sensitivity to interest rates. A 25 basis point interest rate cut expected within the forecasts could quickly drive the index above the 24067.10 pivot to the resistance levels of 24123.70 and 24185.50, positively impacting the growth potential and borrowing conditions of technology companies. If Powell signals more easing during the press conference, it will strengthen this rally. However, if the Fed skips the interest rate cut or sends a message of a tight stance for the future, it could lead to a sharp wave of selling in technology stocks, pushing the index towards the supports of 23996.80 and 23878.40.