USD/TWD may rise 94 - 132 pips

Our pivot point stands at 32.453.

Our preference

The upside prevails as long as 32.453 is support.

Alternative scenario

Below 32.453, expect 32.388 and 32.349.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.494 and 32.468).

Supports and resistances

32.718 **

32.679 *

32.640 **

32.602

32.508 last

32.478

32.453 **

32.388 *

32.349 **

Number of asterisks represents the strength of support and resistance levels.