USD/TWD may fall 105 - 153 pips

Our pivot point stands at 32.235.

Our preference

The downside prevails as long as 32.235 is resistance.

Alternative scenario

Above 32.235, look for 32.315 and 32.362.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.168 and 32.173).

Supports and resistances

32.362 **

32.315 *

32.235 **

32.204

32.156 last

32.051

32.003 **

31.956 *

31.909 **

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