- sUSD/TWD is currently trading around 30.53 marks.
- It made intraday high at 30.60 and low at 30.49 marks.
- Intraday bias remains neutral till the time pair holds key support at 30.38 mark.
- A daily close above 30.49 will drag the parity up towards key resistances around 30.70, 30.90, 31.17 and 30.42 marks respectively.
- On the other side, key support levels are seen at 30.38, 30.22, 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 down 0.3 pct at 10,690.91 points.
- Taiwan will release CPI as well as WPI data at 0800 GMT.
We prefer to take long position on USD/TWD only above 30.64, stop loss at 30.50 and target of 30.90.
