USD/TWD may rise 125 - 174 pips

Our pivot point is at 32.155.

Our preference

The upside prevails as long as 32.155 is support.

Alternative scenario

Below 32.155, expect 32.073 and 32.024.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.168 and 32.161).

Supports and resistances

32.500 **

32.452 *

32.403 **

32.354

32.229 last

32.187

32.155 **

32.073 *

32.024 **

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