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- USD/TWD is currently trading around 30.76 marks.
- It made intraday high at 30.80 and low at 30.76 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 30.90 will drag the parity up towards key resistances around 31.02, 31.17 and 31.42 marks respectively.
- On the other side, key support levels are seen at 30.60, 30.47, 30.40, 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.
- Taiwan stocks open flat at 10,922.55 points.
- Taiwan will release trade balance data at 0800 GMT.
We prefer to take long position on USD/TWD only above 30.90, stop loss at 30.60 and target of 31.17.
