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- USD/TWD is currently trading around 30.54 marks.
- It made intraday high at 30.56 and low at 30.50 marks.
- Intraday bias remains bullish till the time pair holds key support at 30.38 mark.
- A daily close above 30.57 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 up 0.3 pct at 10,645.66 points.
We prefer to take long position on USD/TWD around 30.50, stop loss at 30.38 and target of 30.70/30.90.
