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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
- USD/TWD is currently trading around 31.44 marks.
- It made intraday high at 31.48 and low at 31.38 marks.
- Intraday bias remains bearish 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 31.74, 31.83, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 31.38, 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.
- Taiwan stocks open up 0.4 pct at 9,102.97 points.
- Taiwan will release trade balance data at 0800 GMT.
We prefer to go short on USD/TWD around 31.45, stop loss 31.55 and target of 31.38/31.26.
