- USD/TWD is currently trading around 30.62 marks.|
- It made intraday high at 30.69 and low at 30.62 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.70 mark.
- A daily close above 30.66 will drag the parity up towards key resistances around 30.75, 30.90, 31.17 and 31.42 marks respectively.
- On the other side, key support levels are seen at 30.58, 30.47, 30.28, 30.15 and 30.05 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Taiwan stocks open down 0.3 pct at 10,957.66 points.
We prefer to take short position on USD/TWD only below 30.58, stop loss at 30.75 and target of 30.28.
