FxWirePro: USD/TWD exhibits range bound movement, bias remains neutral
USD/TWD is currently trading around 30.17 marks. It made intraday high at 30.20 and low at 30.15 marks. Intraday bias remains neutral for the moment. A daily close above 30.22 will drag the parity up towards key resistan…
It made intraday high at 30.20 and low at 30.15 marks.
Intraday bias remains neutral for the moment.
A daily close above 30.22 will drag the parity up towards key resistances around 30.30, 30.41, 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 30.08, 30.01, 29.90, 29.72, 29.61 and 29.28 marks respectively.
Taiwan stocks open down 0.3 pct at 10,713.67 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.
