USD/TWD may rise 62 - 93 pips

Our pivot point stands at 32.729.

Our preference

The upside prevails as long as 32.729 is support.

Alternative scenario

Below 32.729, expect 32.677 and 32.646.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.736 and 32.687).

Supports and resistances

32.926 **

32.895 *

32.864 **

32.833

32.771 last

32.750

32.729 **

32.677 *

32.646 **

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