USD/TWD may rise to 33.014 - 33.237

32.148 is our pivot point.

Our preference

The upside prevails as long as 32.148 is support.

Alternative scenario

Below 32.148, expect 31.775 and 31.552.

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 trading above both its 20 and 50 period moving average (respectively at 32.399 and 32.365).

Supports and resistances

33.683 **

33.460 *

33.237 **

33.014

32.518 last

32.295

32.148 **

31.775 *

31.552 **

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