FxWirePro: USD/TWD hovers around key resistance at 30.90 mark, consistet close above requires for upside rally

• USD/TWD is currently trading around 30.80 marks.
   
• It made intraday high at 30.87 and low at 30.79 marks.
   
• Intraday bias remains neutral till the time pair holds immediate resistance at 30.90 mark.
   
• A daily close above 30.90 will drag the parity up towards key resistances around 31.02, 31.17 and 31.42 marks respectively.

• On the other side, key support levels are seen at 30.70, 30.58, 30.47, 30.40, 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 up 0.5 pct at 10,797.95 points.

We prefer to take long position on USD/TWD only above 30.90, stop loss at 30.70 and target of 31.17.