FxWirePro: USD/TWD hits fresh 4-month high at 32.07, good to buy on dips

• USD/TWD is currently trading around 31.94 marks.
   
• It made intraday high at 32.07 and low at 31.80 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 31.58 marks.
   
• A daily close above 32.07 will drag the parity up towards key resistances around 32.18, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 31.58, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
   
• Taiwan stocks open flat at 8,955.27 points.

We prefer to go long on USD/TWD around 31.90, stop loss 31.58 and target of 32.18/32.43.