- USD/TWD is currently trading around 30.66 marks.
- It made intraday high at 30.69 and low at 30.57 marks.
- Intraday bias remains neutral till the time pair holds key support at 30.50 marks.
- A daily close above 30.59 will drag the parity up towards key resistances around 30.59, 30.72, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 30.50, 30.36, 30.18, 30.06, 29.92, 29.85, 29.76 and 29.61 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 0.1 pct at 9,880.29 points.
- Taiwan will release trade balance data at 0800 GMT.
We prefer to take long position in USD/TWD around 30.62, stop loss 30.50 and target of 30.97.


FxWirePro- Woodies Pivot(Major)
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
ETHUSD Dip: Prime Buy Zone to $3600 Targets
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro- Major Crypto levels and bias summary 



