- USD/TWD is currently trading around 29.21 marks.
- It made intraday high at 29.23 and low at 29.18 marks.
- Intraday bias remains neutral till the time pair holds key support at 29.10 mark.
- A daily close above 29.30 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 29.10, 29.02, 28.99, 28.89, 28.77 and 28.49 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan stocks open up 0.1 pct at 10,984.12 points.
We prefer to take short position on USD/TWD only below 29.10 mark, stop loss 29.30 and target of 28.89.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slides as oil rally strengthens Loonie
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
BTC/USD Eyeing 80,000 USD: Bullish Buy-the-Dip Opportunity Amid Geopolitical Friction
FxWirePro: USD/CNY partially recovers early session losses
FxWirePro: GBP/AUD gains some upside momentum but still bearish
GBP/JPY Breaks 215.00: Sterling Strength Fuels Bullish Run Toward 217.00
FxWirePro: USD/ZAR gives up early gains as market volatility spikes
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: GBP/USD biased higher but rally currently stretched 



