USD/TWD may rise 148 - 191 pips

32.348 is our pivot point.

Our preference

The upside prevails as long as 32.348 is support.

Alternative scenario

Below 32.348, expect 32.276 and 32.233.

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 above its 20 and 50 period moving average (respectively at 32.422 and 32.389).

Supports and resistances

32.729 **

32.686 *

32.642 **

32.599

32.451 last

32.377

32.348 **

32.276 *

32.233 **

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