FxWirePro: USD/TWD moves in stiff boundaries, stay neutral

• USD/TWD is currently trading around 31.07 marks.
   
• It made intraday high at 31.10 and low at 30.95 marks.
   
• Intraday bias remains neutral till the time pair holds key resistance at 31.02 mark.
   
• A daily close above 31.03 will drag the parity up towards key resistances around 31.22, 31.40, 31.71, 31.90, 32.46 and 32.88 marks respectively.

• On the other side, key support levels are seen at 30.87, 30.76, 30.54, 30.38 and 30.11 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Taiwan’s stock was trading 0.22 pct lower at 10,848.92 points.

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