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- USD/TWD is currently trading around 29.87 marks.
- It made intraday high at 30.07 and low at 29.86 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.10 mark.
- A daily close above 29.99 will drag the parity up towards key resistances around 30.10, 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
- On the other side, key support levels are seen at 29.72, 29.61, 29.40 and 29.28 marks respectively.
- Taiwan stocks open up 0.3 pct at 10,815.40 points.
We prefer to take short position on USD/TWD around 29.90, stop loss at 30.10 and target of 29.72/29.40 mark.
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