USD/TWD may fall 97 - 136 pips

Our pivot point stands at 32.351.

Our preference

The downside prevails as long as 32.351 is resistance.

Alternative scenario

The upside breakout of 32.351, would call for 32.417 and 32.456.

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 32.315 and 32.345).

Supports and resistances

32.456 **

32.417 *

32.351 **

32.326

32.290 last

32.193

32.154 **

32.116 *

32.077 **

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