- USD/TWD is currently trading around 30.24 marks.
- It made intraday high at 30.28 and low at 30.18 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.38 marks.
- A daily close above 30.22 will drag the parity up towards key resistances around 30.38, 30.50, 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
- On the other side, key support levels are seen at 30.14, 30.00, 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
- Taiwan stocks open down 0.3 pct at 10,480.67 points.
- Taiwan will release prelim GDP data at 0800 GMT.
We prefer to take short position in USD/TWD around 30.28, stop loss 30.50 and target of 29.90.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro-Major European Indices
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path 



