USD/TWD may rise 109 - 148 pips

Our pivot point stands at 31.914.

Our preference

Rebound towards 32.119.

Alternative scenario

The downside breakout of 31.914 would call for 31.850 and 31.811.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 32.030 and 32.149).

Supports and resistances

32.196 **

32.157 *

32.119 **

32.080

31.971 last

31.940

31.914 **

31.850 *

31.811 **

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