USD/TWD may rise 69 - 102 pips

Our pivot point is at 32.511.

Our preference

As long as 32.511 is support look for 32.666.

Alternative scenario

Below 32.511, expect 32.457 and 32.425.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (32.568) but above its 50 period moving average (32.530).

Supports and resistances

32.730 **

32.698 *

32.666 **

32.633

32.564 last

32.533

32.511 **

32.457 *

32.425 **

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