- USD/TWD is currently trading around 29.34 marks.
- It made intraday high at 29.38 and low at 29.32 marks.
- Intraday bias remains bullish till the time pair holds key support at 29.20 mark.
- A daily close above 29.35 will drag the parity up towards key resistances around 29.56, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.
- On the other side, key support levels are seen at 29.30, 29.15, 29.02, 28.99, 28.89, 28.77 and 28.49 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Taiwan stocks open up 0.3 pct at 10,842.88 points.
We prefer to take long position on USD/TWD around 29.32 mark, stop loss 29.20 and target of 29.65.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: NZD/USD turns lower as USD regains footing
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus 



