- USD/TWD is currently trading around 30.50 marks.
- It made intraday high at 30.52 and low at 30.44 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 30.57 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 30.47, 30.33, 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’s stock was trading 0.86 pct lower at 11,516.54 points.
- Taiwan will release GDP data around 0800 GMT.
Positioning is inconclusive at this point. We remain sideways for the time being.
