FxWirePro: USD/TWD faces strong support at 31.62, sustained break below targets 30.99

• USD/TWD is currently trading around 31.71 marks.
   
• It made intraday high at 31.79 and low at 31.65 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 31.62 marks.
   
• A daily close above 31.88 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, a sustained close below 31.62 marks will test key supports at 31.21, 30.99, 30.85 and 30.39 marks respectively.

We prefer to go short on USD/TWD around 31.75 with stop loss at 32.00 and target of 31.21/30.99.