- USD/TWD is currently trading around 31.63 marks.
- It made intraday high at 31.69 and low at 31.62 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.93 marks.
- A sustain close below 31.60 mark will test key supports at 31.49, 31.17, 30.85 and 30.39 marks respectively.
- Alternatively, reversal from key support will drag the parity up towards 31.93 mark to test key resistances at 32.12, 32.25, 32.43 and 32.63 marks respectively.
- Taiwan July CPI +1.23 pct y/y (poll +1.07 pct).
- Taiwan July core CPI +0.79 pct y/y.
- Taiwan July seasonally adjusted CPI +0.2 pct m/m.
We prefer to take short position in USD/TWD only below 31.60, stop loss 31.93 and target 31.50/31.17.
