USD/TWD may rise to 32.992 - 33.260

Our pivot point stands at 31.966.

Our preference

The upside prevails as long as 31.966 is support.

Alternative scenario

Below 31.966, expect 31.518 and 31.251.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.286 and 32.287).

Supports and resistances

33.796 **

33.528 *

33.260 **

32.992

32.441 last

32.142

31.966 **

31.518 *

31.251 **

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