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FxWirePro: USD/CNY edges lower, set to stay on back foot 
- USD/TWD is currently trading around 29.20 marks.
- It made intraday high at 29.34 and low at 29.14 marks.
- Intraday bias remains bullish till the time pair holds key support at 29.02 mark.
- A daily close above 29.18 will drag the parity up towards key resistances around 29.50, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.
- On the other side, key support levels are seen at 29.02, 28.99, 28.89, 28.77 and 28.49 marks respectively.
- Taiwan stocks open up 1.3 pct at 10,559.79 points.
We prefer to take short position in USD/TWD only below 29.08, stop loss at 29.40 and target of 28.49.
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