Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Taiwanese dollar hits over 3-year high, up 0.2 pct at 29.73 per U.S. dollar

  • USD/TWD is currently trading around 29.81 marks.
     
  • It made intraday high at 29.95 and low at 29.73 marks
     
  • Intraday bias remains bearish till the time pair holds key resistance at 30.02 mark.
     
  • A daily close above 29.92 will drag the parity up towards key resistances around 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 29.72, 29.61, 29.40 and 29.28 marks respectively.
     
  • Taiwan stocks open up 0.3 pct at 10,513.29 points.

We prefer to take short position in USD/TWD around 29.85, stop loss at 30.02 and target of 29.40.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.