FxWirePro: USD/TWD hovers around 30.00 mark, good to sell on rallies

• USD/TWD is currently trading around 30.02 marks.
   
• It made intraday high at 30.04 and low at 29.94 marks.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 29.96 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 29.92, 29.72, 29.61, 29.40 and 29.28 marks respectively.
   
• Taiwan stocks open up 0.2 pct at 10,617.27 points.

We prefer to take short position on USD/TWD around 30.05. stop loss 30.22 and target of 29.72 mark.

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