- USD/TWD is currently trading around 30.74 marks.
- It made intraday high at 30.79 and low at 30.61 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 30.76 will drag the parity up towards key resistances around 30.90, 31.18, 31.28, 31.42 and 31.77 marks respectively.
- On the other side, key support levels are seen at 30.58, 30.45, 30.28, 30.15 and 30.05 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Taiwan stocks open down 0.1 pct at 9,818.15 points.
- Taiwan will release trade balance data at 0800 GMT.
We prefer to take long position on USD/TWD only above 30.80, stop loss at 30.50 and target of 31.02/31.18/31.42.
