- USD/TWD is currently trading around 31.99 mark,
- It made intraday high at 32.05 and low at 31.93 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.87 marks.
- A sustain close below 31.87 mark will tests key supports at 31.72, 31.58, 31.40 and 31.17 marks respectively.
- Alternatively, reversal from key support will drag the parity higher back above 32.06 marks to test key resistances at 32.17, 32.25, 32.43 and 32.63 marks respectively.
- In addition, Taiwan stocks open flat at 8,952.61 points and currently trading around 0.55% higher at 8,998.82 points.
We prefer to take long position in USD/TWD only above 32.06, stop loss 31.87 and target 32.25/ 32.43 marks.
