FxWirePro: Taiwanese dollar remains almost unchanged after manufacturing PMI data, stay bearish only below 30.87 mark

• USD/TWD is currently trading around 30.95 marks.
   
• It made intraday high at 31.02 and low at 30.90 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 30.89 mark.
   
• A daily close above 31.05 will drag the parity up towards key resistances around 31.22, 31.40, 31.50, 31.77, 31.90 and 32.46 marks respectively.

• On the other side, key support levels are seen at 30.87, 30.68, 30.56, 30.45, 30.28, 30.15 and 30.05 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.
   
• Taiwan June 2019 nikkei markit manufacturing PMI decrease to 45.5 vs previous 48.4.
   
• Taiwan stocks open up 0.8 pct at 10,821.30 points.

Positioning is inconclusive at this point. We remain sideways for the time being.