USD/TWD may rise 144 - 192 pips

31.863 is our pivot point.

Our preference

The upside prevails as long as 31.863 is support.

Alternative scenario

Below 31.863, expect 31.782 and 31.734.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 31.916 and 31.912).

Supports and resistances

32.235 **

32.186 *

32.138 **

32.090

31.946 last

31.894

31.863 **

31.782 *

31.734 **

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