Published: 2025-08-05T05:55:07.000Z
Chart USD/TWD Update: Consolidating test of 30.000 level
Technical Analyst
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No follow-through on break of the 30.000 level as prices consolidate gains from the 28.800 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 31.000 | ** | figure | S1 | 29.740 | * | 29 May low | |
| R3 | 30.870 | * | 5 May high | S2 | 29.500 | * | congestion | |
| R2 | 30.500 | ** | 13 May high, 38.2% | S3 | 29.230 | * | 23 Jul low | |
| R1 | 30.000 | * | congestion | S4 | 29.000 | * | figure |
05:50 GMT - No follow-through on break of the 30.000 level as prices consolidate gains from the 28.800 low and unwind overbought daily studies. Weekly chart are still tracking higher and suggest stronger bounce to retrace losses from the April high cannot be ruled out. Higher will see room to strong resistance at the 30.500, 13 May high. Corrective gains are expected to give way to fresh selling pressure later with support raised to 29.740 and extending to 29.500 congestion. Below the latter will return focus to the 29.000 level and 28.800 low.