USD/TWD may rise 92 - 132 pips

32.316 is our pivot point.

Our preference

The upside prevails as long as 32.316 is support.

Alternative scenario

Below 32.316, expect 32.251 and 32.211.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.371 and 32.351).

Supports and resistances

32.601 **

32.562 *

32.523 **

32.483

32.391 last

32.342

32.316 **

32.251 *

32.211 **

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