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

• USD/TWD is currently trading around 31.40 marks.
   
• It made intraday high at 31.42 and low at 31.33 marks.
   
• Intraday bias remains neutral till the time pair moves in stiff boundaries from 31.25 to 31.70 mark.
   
• A daily close above 31.42 will drag the parity up towards key resistances around 31.71, 31.90, 32.46 and 32.88 marks respectively.

• On the other side, key support levels are seen at 31.18, 31.02, 30.89, 30.68 and 30.56 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Taiwanese stock was trading around 0.42 pct higher at 10,432.22 points.

Positioning is inconclusive at this point. We remain sideways for the time being.