Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Taiwanese dollar rises sharply against U.S. dollar, hits fresh 4-year high at 29.59 mark

  • USD/TWD is currently trading around 29.65 marks.
     
  • It made intraday high at 29.84 and low at 29.59 marks.
     
  • Intraday bias remains bearish for the moment.
     
  • A daily close above 29.82 will drag the parity up towards key resistances around 30.02, 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
  • On the other side, key support levels are seen at 29.40, 29.28, 29.04 and 28.77 marks respectively.
     
  • Taiwan stocks open up 0.2 pct at 10,590.95 points.

We prefer to take short position in USD/TWD around 29.70, stop loss at 29.90 and target of 29.40/29.28.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.