- USD/TWD is currently trading around 29.70 marks.
- It made intraday high at 29.71 and low at 29.61 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 29.90 mark.
- A daily close above 29.68 will drag the parity up towards key resistances around 29.90, 30.02, 30.22, 30.38 and 30.68 marks respectively.
- On the other side, key support levels are seen at 29.50, 29.43, 29.30, 29.15, 29.02, 28.99 and 28.89 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Taiwan stocks open up 0.2 pct at 11,228.64 points and close up 0.5 pct at 11,251.75 points.
We prefer to take long position on USD/TWD only above 29.72, stop loss 30.60 and target of 29.90.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: AUD/USD firms after upbeat consumer spending data
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro- Woodies pivot (Major)
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: GBP/USD slips as dollar rebounds from six-week low 



