USD/TWD may rise to 32.855 - 33.183

31.676 is our pivot point.

Our preference

The upside prevails as long as 31.676 is support.

Alternative scenario

The downside breakout of 31.676 would call for 31.127 and 30.800.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 32.008 and 32.052).

Supports and resistances

33.839 **

33.511 *

33.183 **

32.855

32.165 last

31.891

31.676 **

31.127 *

30.800 **

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