FxWirePro: Taiwanese dollar trades flat ahead of CPI, WPI data
USD/TWD is currently trading around 30.47 marks. It made intraday high at 30.51 and low at 30.44 marks. Intraday bias remains neutral till the time pair holds key support at 30.40 mark. A daily close above 30.57 will dra…
It made intraday high at 30.51 and low at 30.44 marks.
Intraday bias remains neutral till the time pair holds key support at 30.40 mark.
A daily close above 30.57 will drag the parity up towards key resistances around 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.
On the other side, key support levels are seen at 30.40, 30.27, 30.11, 29.84, 29.70 and 29.46 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Taiwan will release CPI as well as WPI data around 0800 GMT.
Taiwan’s stock was trading 0.64 pct higher at 11,584.33 points.
Positioning is inconclusive at this point. We remain sideways for the time being.
