USD/TWD may rise 95 - 131 pips

Our pivot point stands at 32.366.

Our preference

The upside prevails as long as 32.366 is support.

Alternative scenario

The downside breakout of 32.366 would call for 32.306 and 32.271.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.413 and 32.373).

Supports and resistances

32.633 **

32.597 *

32.562 **

32.526

32.431 last

32.390

32.366 **

32.306 *

32.271 **

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