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NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile 
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FxWirePro- Woodies pivot (Major) 
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AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate 
FxWirePro: NZD/USD turns lower as USD regains footing 
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch 
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- USD/TWD is currently trading around 29.38 marks.
- It made intraday high at 29.42 and low at 29.35 marks.
- Intraday bias remains bullish till the time pair holds key support at 29.30 mark.
- A daily close above 29.42 will drag the parity up towards key resistances around 29.56, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.
- On the other side, key support levels are seen at 29.30, 29.15, 29.02, 28.99, 28.89, 28.77 and 28.49 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Taiwan stocks open flat at 10,953.51 points.
We prefer to take long position on USD/TWD around 29.35 mark, stop loss 29.20 and target of 29.65.
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