USD/TWD is currently trading around 30.30 marks. It made intraday high at 30.35 and low at 30.21 marks. Intraday bias remains neutral for the moment. A daily close above 30.42 will drag the parity up towards key resistan…
It made intraday high at 30.35 and low at 30.21 marks.
Intraday bias remains neutral for the moment.
A daily close above 30.42 will drag the parity up towards key resistances around 30.50, 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.
On the other side, key support levels are seen at 30.22, 30.02, 29.87, 29.70 and 29.46 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Taiwanese stock will remain close in observance of Lunar New Year.
We prefer to take long position on USD/TWD only above 30.40, stop loss at 30.20 and target of 30.70.
