FxWirePro: USD/TWD moves in rigid boundaries, Taiwan’s GDP data in focus

• USD/TWD is currently trading around 31.06 marks.
   
• It made intraday high at 31.10 and low at 31.08 marks.
   
• Intraday bias remains neutral till the time pair moves in stiff boundaries from 31.18 to 30.89 mark.
   
• A daily close above 31.18 will drag the parity up towards key resistances around 31.40, 31.50, 31.77, 31.90 and 32.46 marks respectively.

• On the other side, key support levels are seen at 30.89, 30.68, 30.56, 30.45, 30.28, 30.15 and 30.05 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Taiwan stock was trading around 0.01 pct higher at 10,831.75 points.
   
• Taiwan will release GDP data around 0800 GMT.

Positioning is inconclusinve at this point. We remain sideways for the time being.