• USD/TWD is currently trading around 31.39 marks.
   
• It made intraday high at 31.49 and low at 31.30 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 31.53 marks.
   
• A daily close above 31.53 will drag the parity up towards key resistances around 31.62, 31.82, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 31.30, 31.15, 30.99, 30.85 and 30.39 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 down 0.3 pct at 9,240.44 points.
   
• Yesterday Taiwan Central bank left benchmark interest rate unchanged at 1.375 pct.
  
  We prefer to go short on USD/TWD around 31.42 with stop loss at 31.53 and target of 31.13/30.99.