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- USD/TWD is currently trading around 29.60 marks.
- It made intraday high at 29.64 and low at 29.50 marks.
- Intraday bias remains slightly bullish till the time pair holds immediate support at 29.51 mark.
- A daily close above 29.51 will drag the parity up towards key resistances around 29.64, 29.90, 30.02, 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
- On the other side, key support levels are seen at 29.37, 29.28, 29.04 and 28.77 marks respectively.
- Taiwan stocks open flat at 10,915.32 points.
We prefer to take long position in USD/TWD around 29.55, stop loss at 29.42 and target of 29.90.
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