USD/TWD may rise to 32.925 - 33.178

Our pivot point is at 31.928.

Our preference

The upside prevails as long as 31.928 is support.

Alternative scenario

Below 31.928, expect 31.505 and 31.253.

Comment

The RSI is above 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 32.265 and 32.317).

Supports and resistances

33.684 **

33.431 *

33.178 **

32.925

32.394 last

32.094

31.928 **

31.505 *

31.253 **

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