USD/TWD may rise 173 - 252 pips

Our pivot point is at 31.736.

Our preference

Rebound towards 32.093.

Alternative scenario

The downside breakout of 31.736 would call for 31.604 and 31.526.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 31.844 and 31.855).

Supports and resistances

32.250 **

32.172 *

32.093 **

32.014

31.841 last

31.788

31.736 **

31.604 *

31.526 **

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