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FxWirePro: USD/TWD rejects key support at 31.63 mark, good to buy on dips

Friday, December 9, 2016 4:02 AM UTC

USD/TWD is currently trading around 31.84 marks.
It made intraday high at 31.86 and low at 31.67 marks.
Intraday bias remains bullsih for the moment.
A daily close above 31.77 will drag the parity up towards key resistances around 31.90, 32.08, 32.15, 32.25, 32.43 and 32.63 marks respectively.
On the other side, key support levels are seen at 31.56, 31.45, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
Taiwan stocks open up 0.1 pct at 9,383.07 points.

We prefer to go long on USD/TWD around 31.75, stop loss 31.56 and target of 31.90/32.08.

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FxWirePro: USD/TWD rejects key support at 31.63 mark, good to buy on dips

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