FxWirePro: Taiwanese dollar rises in early Asia, bias remains slightly bearish

• USD/TWD is currently trading around 30.53 marks.
   
• It made intraday high at 30.68 and low at 30.52 marks.
   
• Intraday bias remains slightly bearish for the moment.
   
• A daily close above 30.54 will drag the parity up towards key resistances around 30.70, 30.90, 31.17 and 30.42 marks respectively.

• On the other side, key support levels are seen at 30.30, 30.22, 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.
   
• Taiwan stocks open down 0.3 pct at 10,644.91 points.

We prefer to take short position on USD/TWD around 30.57, stop loss at 30.68 and target of 30.42/30.30.