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

• 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.