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- USD/TWD is currently trading around 29.81 marks.
- It made intraday high at 29.95 and low at 29.73 marks
- Intraday bias remains bearish till the time pair holds key resistance at 30.02 mark.
- A daily close above 29.92 will drag the parity up towards key resistances around 30.02, 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
- On the other side, key support levels are seen at 29.72, 29.61, 29.40 and 29.28 marks respectively.
- Taiwan stocks open up 0.3 pct at 10,513.29 points.
We prefer to take short position in USD/TWD around 29.85, stop loss at 30.02 and target of 29.40.
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