USD/TWD may rise 111 - 158 pips

Our pivot point stands at 31.886.

Our preference

Rebound towards 32.106.

Alternative scenario

The downside breakout of 31.886 would call for 31.807 and 31.760.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 31.978 and 32.014).

Supports and resistances

32.200 **

32.153 *

32.106 **

32.059

31.948 last

31.917

31.886 **

31.807 *

31.760 **

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