USD/TWD may rise 97 - 140 pips

32.285 is our pivot point.

Our preference

Rebound towards 32.482.

Alternative scenario

Below 32.285, expect 32.213 and 32.170.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (32.341) but under its 50 period moving average (32.348).

Supports and resistances

32.568 **

32.525 *

32.482 **

32.439

32.342 last

32.313

32.285 **

32.213 *

32.170 **

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