USD/TWD may rise 101 - 133 pips

Our pivot point is at 32.517.

Our preference

As long as 32.517 is support look for 32.723.

Alternative scenario

Below 32.517, expect 32.463 and 32.431.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.568 and 32.548).

Supports and resistances

32.787 **

32.755 *

32.723 **

32.691

32.590 last

32.539

32.517 **

32.463 *

32.431 **

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