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AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop 
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- USD/TWD is currently trading around 32.34 marks.
- It made intraday high at 32.46 and low at 32.15 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 32.46 will drag the parity up towards key resistances around 32.63, 32.78 and 32.90 marks respectively.
- On the other side, key support levels are seen at 32.22, 32.13, 32.02, 31.91, 31.72, 31.56, 31.45, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
