FxWirePro: USD/TWD hovers around key resistance at 32.12, sustain a break above targets 32.43
USD/TWD is currently trading around 32.11 mark, It made intraday high at 32.12 and low at 31.98 marks. Intraday bias remains bullish till the time pair holds key support at 31.97 marks. A sustain close below 31.97 mark w…
It made intraday high at 32.12 and low at 31.98 marks.
Intraday bias remains bullish till the time pair holds key support at 31.97 marks.
A sustain close below 31.97 mark will tests key supports at 31.87, 31.72, 31.58, 31.40 and 31.17 marks respectively.
Alternatively, reversal from key support will drag the parity higher back above 32.12 marks to test key resistances at 32.25, 32.43 and 32.63 marks respectively.
In addition, Taiwan stocks open up 0.2 pct at 9,030.36 points.
We prefer to take long position in USD/TWD above 32.12, stop loss 31.97 and target 32.40.
