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AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 
- USD/TWD is currently trading around 29.92 marks.
- It made intraday high at 30.06 and low at 29.77 marks.
- Intraday bias remains bearish till the time pair holds key resistance 30.11 mark.
- A daily close above 29.97 will drag the parity up towards key resistances around 30.11, 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 29.72, 29.61 and 29.28 marks respectively.
- Taiwan stocks open up 0.2 pct at 10,553.90 points.
We prefer to take short position in USD/TWD around 29.95 mark, stop loss at 30.11 and target of 29.72/29.50.
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