USD/TWD may rise 91 - 122 pips

32.372 is our pivot point.

Our preference

The upside prevails as long as 32.372 is support.

Alternative scenario

Below 32.372, expect 32.319 and 32.287.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.406 and 32.412).

Supports and resistances

32.628 **

32.596 *

32.564 **

32.533

32.442 last

32.393

32.372 **

32.319 *

32.287 **

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