FxWirePro: USD/TWD hits fresh 3-week high at 31.82, bias remains bullish
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 mar…
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.
