FxWirePro: USD/TWD exhibits range bound movement since Nov 2019, stay neutral

• USD/TWD is currently trading around 30.23 marks.
   
• It made intraday high at 30.28 and low at 30.19 marks.
   
• Intraday bias remains slightly bearish for the moment.
   
• A daily close above 30.55 will drag the parity up towards key resistances around 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.

• On the other side, key support levels are seen at 30.02, 29.74, 29.46, 29.28, 29.11 and 29.00 marks respectively.
   
• 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. We remain sideways for the time being.