- USD/TWD is currently trading around 30.72 marks.
- It made intraday high at 30.75 and low at 30.70 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 30.47 mark.
- A daily close above 30.72 will drag the parity up towards key resistances around 30.90, 31.02, 31.17 and 31.42 marks respectively.
- On the other side, key support levels are seen at 30.47, 30.40, 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 up 0.2 pct at 10,981.39 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.


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