USD/TWD may rise to 33.066 - 33.280

Our pivot point stands at 32.259.

Our preference

The upside prevails as long as 32.259 is support.

Alternative scenario

The downside breakout of 32.259 would call for 31.901 and 31.688.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.478 and 32.361).

Supports and resistances

33.708 **

33.494 *

33.280 **

33.066

32.581 last

32.399

32.259 **

31.901 *

31.688 **

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