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FxWirePro: USD/ZAR edges higher but bearish outlook persists 
- USD/TWD is currently trading around 31.44 marks.
- It made intraday high at 31.55 and low at 31.36 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 31.55 marks.
- A daily close above 31.55 will drag the parity up towards key resistances around 31.68, 31.82, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 31.34, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Taiwan stocks open up 0.1 pct at 9,289.66 points.
We prefer to go long on USD/TWD only above 31.55, stop loss 31.26 and target of 31.82.
