FxWirePro: Taiwanese dollar trades marginally lower in early Asia, upside limited
USD/TWD is currently trading around 30.09 marks. It made intraday high at 30.13 and low at 30.02 marks. Intraday bias remains bullish till the time pair holds key support at 29.90 mark. A daily close above 30.03 will dra…
It made intraday high at 30.13 and low at 30.02 marks.
Intraday bias remains bullish till the time pair holds key support at 29.90 mark.
A daily close above 30.03 will drag the parity up towards key resistances around 30.22, 30.32, 30.50, 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
On the other side, key support levels are seen at 29.90, 29.72, 29.61 and 29.28 marks respectively.
Taiwan stocks open flat at 10,533.99 points.
We prefer to take long position in USD/TWD around 30.00 mark, stop loss at 29.92 and target of 30.22/30.32.
