Published: 2025-06-26T05:55:00.000Z
Chart USD/TWD Update: Under pressure, focus on 28.910 low
Technical Analyst
1
Under pressure, as prices extend losses from the 30.500, 13 May corrective high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 30.500 | ** | 13 May high | S1 | 29.000 | * | figure | |
| R3 | 30.000 | ** | congestion | S2 | 28.910 | ** | 5 May YTD low | |
| R2 | 29.740 | * | 29 May low | S3 | 28.780 | * | 76.4% 2021/2025 rally | |
| R1 | 29.400 | * | 16 Jun low | S4 | 28.500 | * | congestion |
05:50 GMT - Under pressure, as prices extend losses from the 30.500, 13 May corrective high. Break of 29.400 support return focus to 29.000/28.910, congestion and 5 May current year low. Oversold daily studies suggest reaction at the latter likely but consolidation here expected to give way to renewed selling pressure later. Lower will see room for extension to 28.780, 76.4% Fibonacci level. Lower still, will see room to 28.500 congestion. Meanwhile, resistance is lowered to 29.400/29.500, 16 June low and congestion area.