USD/TWD may rise 100 - 149 pips

Our pivot point is at 32.096.

Our preference

Rebound towards 32.328.

Alternative scenario

The downside breakout of 32.096 would call for 32.014 and 31.966.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (32.178) but below its 50 period moving average (32.217).

Supports and resistances

32.425 **

32.376 *

32.328 **

32.279

32.179 last

32.128

32.096 **

32.014 *

31.966 **

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