USD/TWD may fall 103 - 151 pips

32.226 is our pivot point.

Our preference

The downside prevails as long as 32.226 is resistance.

Alternative scenario

Above 32.226, look for 32.306 and 32.353.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 32.166 and 32.172).

Supports and resistances

32.353 **

32.306 *

32.226 **

32.195

32.156 last

32.053

32.005 **

31.958 *

31.911 **

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