Published: 2025-03-05T06:10:14.000Z
Chart USD/TWD Update: Extending pullback from 32.970 high
Technical Analyst
1
Limited on break above the 32.900/32.920 resistance with pullback leaving a lower high at 32.970
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 33.070 | * | 4 Feb high | S1 | 32.680 | * | 20 Feb low | |
| R3 | 33.000 | * | congestion | S2 | 32.600 | * | 38.2% Sep/Feb rally | |
| R2 | 32.970 | ** | 4 Mar high | S3 | 32.500 | ** | 2023 year high | |
| R1 | 32.900/920 | * | congestion, Jul high | S4 | 32.405 | ** | 2022 year high |
06:00 GMT - Limited on break above the 32.900/32.920 resistance with pullback leaving a lower high at 32.970 to retrace gains from the 32.610/32.600 support. Below the 32.800 congestion opens up room to 32.680 support then the 32.610/600, February YTD low and 38.2% Fibonacci level. Break of the latter will confirm a top in place at 33.250, February YTD high, and see deeper retracement of the September/February rally. Meanwhile, resistance at the 32.900 congestion and extending to the 32.970 high now expected to cap and keep pressure on the downside.