- USD/TWD is currently trading around 29.90 marks.
- It made intraday high at 29.96 and low at 29.89 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 30.02 mark.
- A daily close above 29.87 will drag the parity up towards key resistances around 30.02, 30.22, 30.30 and 30.68 marks respectively.
- On the other side, key support levels are seen at 29.72, 29.50, 29.43, 29.30, 29.15, 29.02, 28.99 and 28.89 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Taiwan stocks open up 0.2 pct at 10,986.77 points.
We prefer to take long position on USD/TWD only above 30.02, stop loss 29.80 and target of 30.22/30.50.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro- Major Pair levels and bias summary
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro- Major European Indices
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 



