- USD/TWD is currently trading around 30.30 marks.
- It made intraday high at 30.40 and low at 30.28 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.50 mark.
- A daily close above 30.50 will drag the parity up towards key resistances around 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
- On the other side, key support levels are seen at 30.30, 30.10, 30.03, 29.90, 29.72, 29.61 and 29.28 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current down side movement is short term t rend correction only.
- Taiwan banks will remain closed in observance of National Day.
We prefer to take short position in USD/TWD around 30.35, stop loss at 30.50 and target of 30.18/30.01 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: EUR/NZD edges lower but bullish outlook persists
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major Crypto levels and bias summary
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update 



