USD/TWD may rise 77 - 109 pips

Our pivot point is at 32.423.

Our preference

As long as 32.423 is support look for 32.595.

Alternative scenario

Below 32.423, expect 32.369 and 32.336.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.485 and 32.453).

Supports and resistances

32.660 **

32.628 *

32.595 **

32.563

32.486 last

32.444

32.423 **

32.369 *

32.336 **

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