USD/TWD may fall 105 - 153 pips

Our pivot point stands at 32.229.

Our preference

The downside prevails as long as 32.229 is resistance.

Alternative scenario

Above 32.229, look for 32.309 and 32.356.

Comment

The RSI is below its neutrality area at 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 32.191 and 32.179).

Supports and resistances

32.356 **

32.309 *

32.229 **

32.198

32.147 last

32.042

31.994 **

31.947 *

31.900 **

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