USD/TWD may fall 105 - 152 pips

Our pivot point is at 32.135.

Our preference

The downside prevails as long as 32.135 is resistance.

Alternative scenario

Above 32.135, look for 32.214 and 32.261.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 32.092 and 32.106).

Supports and resistances

32.261 **

32.214 *

32.135 **

32.104

32.066 last

31.961

31.914 **

31.867 *

31.820 **

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