USD/TWD may rise to 33.365 - 33.622

Our pivot point stands at 32.425.

Our preference

The upside prevails as long as 32.425 is support.

Alternative scenario

Below 32.425, expect 31.994 and 31.737.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.526 and 32.389). Finally, the USD/TWD is trading above its upper Bollinger band (standing at 32.797).

Supports and resistances

34.137 **

33.879 *

33.622 **

33.365

32.814 last

32.595

32.425 **

31.994 *

31.737 **

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