FxWirePro: USD/TWD hovers round key resistance at 30.20 mark, sustained close above targets 30.38 mark

• USD/TWD is currently trading around 30.14 marks.
   
• It made intraday high at 30.18 and low at 30.08 marks.
   
• Intraday bias remains neural for the moment.
   
• A daily close above 30.20 will drag the parity up towards key resistances around 30.38, 30.48, 30.69, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Taiwan banks will be closed in observance of the Dragon boat festival.

We prefer to take long position in USD/TWD only above 30.20, stop loss at 30.00 and target of 30.38/30.48.