USD/TWD may fall 102 - 132 pips

32.816 is our pivot point.

Our preference

The downside prevails as long as 32.816 is resistance.

Alternative scenario

Above 32.816, look for 32.866 and 32.896.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.810 and 32.825).

Supports and resistances

32.896 **

32.866 *

32.816 **

32.797

32.747 last

32.645

32.615 **

32.585 *

32.556 **

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