- USD/TWD is currently trading around 30.26 marks.
- It made intraday high at 30.29 and low at 30.22 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 30.30 will drag the parity up towards key resistances around 30.42, 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 30.13, 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
- Taiwan stocks open up 0.4 pct at 10,479.26 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.
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