USD/TWD may rise 95 - 126 pips

Our pivot point is at 32.379.

Our preference

Rebound towards 32.559.

Alternative scenario

The downside breakout of 32.379 would call for 32.326 and 32.294.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 32.451 and 32.460).

Supports and resistances

32.623 **

32.591 *

32.559 **

32.528

32.433 last

32.400

32.379 **

32.326 *

32.294 **

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