FxWirePro: USD/TWD hovers around 30.00 mark, sustained close below requires for downside rally

• USD/TWD is currently trading around 30.03 marks.
   
• It made intraday high at 30.10 and low at 29.99 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 30.22 mark.
   
• A daily close above 30.07 will drag the parity up towards key resistances around 30.15, 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 29.90, 29.79, 29.61 and 29.28 marks respectively.
   
• Taiwan stocks open up 0.2 pct at 10,688.22 points.

We prefer to take short position on USD/TWD  around 30.05, stop loss at 30.22 and target of 29.49 mark.

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