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FxWirePro: USD/CNY hits 15-month low , scope for further downside 
- USD/TWD is currently trading around 30.35 marks.
- It made intraday high at 30.44 and low at 30.28 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 30.20 marks.
- A daily close above 30.30 will drag the parity up towards key resistances around 30.45, 30.69, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 30.20, 30.06, 29.92, 29.85, 29.76 and 29.61 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan stocks open down 0.3 pct at 9,806.15 points.
We prefer to take long position in USD/TWD around 30.30, stop loss 30.20 and target of 30.45/30.58.
