USD/TWD may rise to 33.091 - 33.312

Our pivot point stands at 32.224.

Our preference

The upside prevails as long as 32.224 is support.

Alternative scenario

Below 32.224, expect 31.854 and 31.633.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.385 and 32.353). Finally, the USD/TWD has crossed above its upper Bollinger band (32.602).

Supports and resistances

33.754 **

33.533 *

33.312 **

33.091

32.609 last

32.370

32.224 **

31.854 *

31.633 **

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