Chart USD/TWD Update: Extending gains
Pullback from the 32.700 October high has seen prices giving way to renewed buying interest at the 32.400 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.500 | * | congestion | S1 | 32.700 | * | Oct high | |
| R3 | 33.310 | * | 2015 year high | S2 | 32.550/500 | ** | Jul high, congestion | |
| R2 | 33.290 | ** | Mar 2025 year high | S3 | 32.400 | * | congestion | |
| R1 | 33.000 | ** | Dec 2024 year high | S4 | 32.200 | ** | Mar high |
06:10 GMT - Pullback from the 32.700 October high has seen prices giving way to renewed buying interest at the 32.400 congestion. Rebound there has seen rally to reach fresh year high at the 33.000 level. Clearance here will extend the broader gains from the September swing low at 31.460 and turn focus to the March 2025 year high at 33.290 where reaction can be expected. Clearance, if seen, will see scope to 33.310/33.500 area. Meanwhile, support is raised to the 32.700 October high and this extend to the 32.550/.32.500 area which should underpin. Would take break of these to fade the upside pressure and see deeper corrective pullback of rally from the September low.