USD/TWD may rise to 32.910 - 33.247

31.635 is our pivot point.

Our preference

The upside prevails as long as 31.635 is support.

Alternative scenario

Below 31.635, expect 31.072 and 30.736.

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 above its 20 and 50 period moving average (respectively at 31.958 and 32.102).

Supports and resistances

33.921 **

33.584 *

33.247 **

32.910

32.213 last

31.857

31.635 **

31.072 *

30.736 **

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