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AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity 
- USD/TWD is currently trading around 29.94 marks.
- It made intraday high at 29.96 and low at 29.93 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 30.02 will drag the parity up towards key resistances around 30.15, 30.40, 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.
- On the other side, key support levels are seen at 29.84, 29.70 and 29.46 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan’s stock was trading 0.24 pct higher at 12,119.68 points.
- Taiwan will release export orders data around 0800 GMT.
We prefer to take long position on USD/TWD only above 30.02, stop loss at 29.80 and target of 30.15/30.40.
