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- USD/TWD is currently trading around 31.76 marks.
- It made intraday high at 31.82 and low at 31.59 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.62 marks.
- A sustained close below 31.62 mark will test key supports at 31.21, 30.99, 30.85 and 30.39 marks respectively.
- Alternatively, a daily close above 31.93 will drag the parity up towards key resistances around 31.93, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- Taiwan July unemployment rate 3.96 pct.
We prefer to take long position in USD/TWD only above 31.93, stop loss 31.62 and target 32.19/32.41.
