• USD/TWD is currently trading around 30.63 marks.
   
• It made intraday high at 30.67 and low at 30.45 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 30.75 marks.
   
• A daily close above 30.66 will drag the parity up towards key resistances around 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 30.39, 30.24 and 30.05 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Taiwan stocks open up 0.3 pct at 9,768.85 points.
  
  We prefer to go short on USD/TWD around 30.65 with stop loss at 30.90 and target of 30.39/30.24.