USD/TWD may fall 88 - 127 pips

32.327 is our pivot point.

Our preference

The downside prevails as long as 32.327 is resistance.

Alternative scenario

Above 32.327, look for 32.393 and 32.431.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.269 and 32.331). Finally, the USD/TWD has penetrated its lower Bollinger band (32.204).

Supports and resistances

32.431 **

32.393 *

32.327 **

32.302

32.198 last

32.110

32.071 **

32.032 *

31.993 **

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