Published: 2026-07-02T05:52:59.000Z
Chart USD/TWD Update: Extending May gains
1
Break above resistance at the 31.700/31.800 area has seen gains to approach the 32.000 figure
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 32.500 | * | congestion, 2023 yr high | S1 | 31.800 | * | congestion | |
| R3 | 32.300 | * | 11 Apr 2025 low | S2 | 31.700 | ** | Jan, Feb highs | |
| R2 | 32.200 | ** | Mar YTD high | S3 | 31.600 | * | congestion | |
| R1 | 32.000 | * | figure | S4 | 31.500 | * | congestion |
05:45 GMT - Break above resistance at the 31.700/31.800 area has seen gains to approach the 32.000 figure. Overbought daily studies suggest reaction here likely but a later break cannot be ruled out to extend bullish prices action from July 2025 year low. Clearance will return focus to the 32.200 March current year high and see scope to the 32.300/32.500 area. Meanwhile, support at the 31.800/31.700 congestion area should underpin. Would take break here to return focus to the downside and see pullback to support at the 31.600/31.500 congestion area.