FxWirePro: USD/TWD hovers around key support at 30.22 mark, sustained close below requires for downside rally

• USD/TWD is currently trading around 30.22 marks.
   
• It made intraday high at 30.31 and low at 30.20 marks.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 30.30 will drag the parity up towards key resistances around 30.42, 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 30.22, 30.13, 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
   
• Taiwan stocks open down 0.5 pct at 10,464.10 points.

We prefer to take short position in USD/TWD only below 30.13 mark, stop loss at 30.40 and target of 29.84.

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