FxWirePro: Taiwanese dollar trades marginally lower against U.S. dollar, sustained close above 30.65 requires for upside rally

• USD/TWD is currently trading around 30.57 marks.
   
• It made intraday high at 30.58 and low at 30.49 marks.
   
• Intraday bias remains slightly bullish for the moment.
   
• A daily close above 30.65 will drag the parity up towards key resistances around 30.90, 31.17 and 30.42 marks respectively.

• On the other side, key support levels are seen at 30.47, 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 up 0.3 pct at 10,811.43 points.

We prefer to take long position on USD/TWD only above 30.65, stop loss at 30.47 and target of 30.90.