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- USD/TWD is currently trading around 31.24 marks.
- It made intraday high at 31.37 and low at 31.22 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.46 marks.
- A sustain close below 31.32 mark will test key supports at 30.99, 30.85 and 30.39 marks respectively.
- Alternatively, a daily close above 31.46 will drag the parity up towards key resistances around 31.62, 31.93, 32.12, 32.25, 32.43 and 32.63 marks respectively.
We prefer to take short position in USD/TWD around 31.28, stop loss 31.46 and target 30.99/30.85.
