USD/TWD may rise 67 - 96 pips

Our pivot point is at 32.647.

Our preference

The upside prevails as long as 32.647 is support.

Alternative scenario

Below 32.647, expect 32.597 and 32.567.

Comment

The RSI is above its neutrality area at 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 32.696 and 32.700).

Supports and resistances

32.915 **

32.885 *

32.855 **

32.826

32.759 last

32.666

32.647 **

32.597 *

32.567 **

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