FxWirePro: USD/TWD hovers around 30.00 mark, bias remains neutral
USD/TWD is currently trading around 30.08 marks. It made intraday high at 30.15 and low at 30.00 marks. Intraday bias remains neutral till the time pair holds key support at 30.00 marks. A daily close above 30.10 will dr…
It made intraday high at 30.15 and low at 30.00 marks.
Intraday bias remains neutral till the time pair holds key support at 30.00 marks.
A daily close above 30.10 will drag the parity up towards key resistances around 30.27, 30.40, 30.69, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
On the other side, key support levels are seen at 29.92, 29.85, 29.76 and 29.61 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Taiwan’s market was trading 0.13 percent lower at 9,843.93 points.
We prefer to take short position in USD/TWD only below 29.90, stop loss at 30.27 and target of 29.76/29.61.
