Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/TWD hovers around key resistance at 31.77 mark, sustained close above targets 31.99

  • USD/TWD is currently trading around 31.78 marks.
     
  • It made intraday high at 31.95 and low at 31.69 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 31.77 marks.
     
  • A daily close above 31.77 will drag the parity up towards key resistances around 31.99, 32.08, 32.18, 32.25, 32.43 and 32.63 marks respectively.
     
  • On the other side, key support levels are seen at 31.62, 31.50, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
     
  • Taiwan stocks open flat at 9,220.95 points.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on USD/TWD around 31.70, stop loss at 31.62 and target of 31.99/32.08.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.