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FxWirePro: USD/ZAR edges higher but bearish outlook persists 
- USD/TWD is currently trading around 29.27 marks.
- It made intraday high at 29.29 and low at 29.24 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 29.32 will drag the parity up towards key resistances around 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 29.20, 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 stocks open up 0.2 pct at 11,022.15 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
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