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- USD/TWD is currently trading around 30.17 marks.
- It made intraday high at 30.22 and low at 30.10 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 30.10 mark.
- A daily close above 30.10 will drag the parity up towards key resistances around 30.22, 30.30, 30.50, 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
- On the other side, key support levels are seen at 30.01, 29.90, 29.72, 29.61 and 29.28 marks respectively.
- Taiwan stocks open down 0.1 pct at 10,506.85 points.
- Taiwan Central Bank will release interest rate decision at 0800 GMT
We prefer to take short position in USD/TWD around 30.22, stop loss at 30.35 and target of 29.99 mark.
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