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FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus 
- USD/TWD is currently trading around 29.11 marks.
- It made intraday high at 29.14 and low at 29.03 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 29.02 mark.
- A daily close above 29.20 will drag the parity up towards key resistances around 29.30, 29.50, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.
- On the other side, key support levels are seen at 29.02, 28.99, 28.89, 28.77 and 28.49 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan stock was trading around 0.24 pct lower at 10,896.14 points.
We prefer to take short position on USD/TWD only below 29.02 mark, stop loss 29.20 and target of 28.89/28.77.
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