- USD/TWD is currently trading around 31.88 marks.
- It made intraday high at 32.02 and low at 31.76 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 32.08 marks.
- A daily close above 32.08 will drag the parity up towards key resistances around 32.18, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 31.77, 31.50, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
- Taiwan stocks open flat at 9,149.35 points.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
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.
