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- USD/TWD is currently trading around 30.10 marks.
- It made intraday high at 30.14 and low at 30.01 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.22 mark.
- A daily close above 30.22 will drag the parity up towards key resistances around 30.30, 30.41, 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 30.01, 29.90, 29.79, 29.61 and 29.28 marks respectively.
- Taiwan stocks open flat at 10,629.16 points.
We prefer to take short position on USD/TWD only below 30.01, stop loss at 30.22 and target of 29.90/29.79/29.61 mark.
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