- USD/TWD is currently trading around 30.60 marks.
- It made intraday high at 30.63 and low at 30.55 marks.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 30.57 will drag the parity up towards key resistances around 30.90, 31.17 and 30.42 marks respectively.
- On the other side, key support levels are seen at 30.47, 30.28, 30.15 and 30.05 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Taiwan stocks open flat at 10,929.46 points.
- Taiwan will release industrial output data at 0800 GMT.
We prefer to take short position on USD/TWD only below 30.47, stop loss at 30.75 and target of 30.15.
