USD/TWD may rise 98 - 147 pips

Our pivot point stands at 32.153.

Our preference

The upside prevails as long as 32.153 is support.

Alternative scenario

Below 32.153, expect 32.071 and 32.022.

Comment

The RSI is above its neutrality area at 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 32.184 and 32.200).

Supports and resistances

32.474 **

32.426 *

32.377 **

32.328

32.230 last

32.185

32.153 **

32.071 *

32.022 **

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