Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: Taiwanese dollar rises sharply in early Asia, stay bearish

  • USD/TWD is currently trading around 29.99 marks.
     
  • It made intraday high at 30.11 and low at 29.99 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance 30.11 mark.
     
  • A daily close above 30.11 will drag the parity up towards key resistances around 30.22, 30.32, 30.50, 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
     
  • On the other side, key support levels are seen at 29.99, 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
     
  • Taiwan stocks open up 0.2 pct at 10,564.79 points.

We prefer to take short position in USD/TWD around 30.05 mark, stop loss at 30.15 and target of 29.72.

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.