USD/TWD is neutral

Our pivot point is at 31.838.

Our preference

Look for a drop towards 31.838 before a bounce.

Alternative scenario

Below 31.838, expect 31.373 and 31.096.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (32.357) but above its 50 period moving average (32.169).

Supports and resistances

33.713 **

33.436 *

33.158 **

32.880

32.284 last

32.020

31.838 **

31.373 *

31.096 **

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