FxWirePro: USD/TWD hovers around key resistance at 31.46, sustain a break above targets 31.62
USD/TWD is currently trading around 31.42 marks. It made intraday high at 31.44 and low at 31.33 marks. Intraday bias remains bullish for the moment. A sustain close below 30.99 mark will test key supports at 30.85 and 3…
It made intraday high at 31.44 and low at 31.33 marks.
Intraday bias remains bullish for the moment.
A sustain close below 30.99 mark will test key supports at 30.85 and 30.39 marks respectively.
Alternatively, a daily close above 31.46 will drag the parity up towards key resistances around 31.62, 31.93, 32.12, 32.25, 32.43 and 32.63 marks respectively.
We prefer to take long position in USD/TWD only above 31.46, stop loss 31.10 and target 31.62/31.93.
