FxWirePro: Taiwanese dollar marginally higher after CPI, core CPI data

• USD/TWD is currently trading around 31.94 marks.
   
• It made intraday high at 32.04 and low at 31.89 marks.
   
• Intraday bias remains slightly bearish for the moment.
   
• A daily close above 32.02 will drag the parity up towards key resistances around 32.15, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 31.77, 31.62, 31.50, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
   
• Taiwan stocks open up 0.5 pct at 9,209.80 points.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Taiwan November CPI +1.97 pct y/y (poll +1.5 pct).
   
• Taiwan November WPI -0.28 pct y/y.
   
• Taiwan November core CPI +0.84 pct y/y.
   
• Taiwan November seasonally adjusted CPI +0.29 pct m/m.

We prefer to go short on USD/TWD around 31.98, stop loss at 32.11 and target of 31.77/31.62.