USD/TWD may fall 100 - 143 pips

32.428 is our pivot point.

Our preference

Target 32.212.

Alternative scenario

Above 32.428, look for 32.500 and 32.543.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (32.360) but above its 50 period moving average (32.351).

Supports and resistances

32.543 **

32.500 *

32.428 **

32.400

32.355 last

32.255

32.212 **

32.169 *

32.126 **

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