USD/TWD may rise 88 - 127 pips

Our pivot point stands at 32.204.

Our preference

Rebound.

Alternative scenario

The downside breakout of 32.204 would call for 32.139 and 32.100.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (32.267) but below its 50 period moving average (32.297).

Supports and resistances

32.483 **

32.444 *

32.405 **

32.366

32.278 last

32.230

32.204 **

32.139 *

32.100 **

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