FxWirePro: USD/TWD remains well supported above 29.00 mark, bias remains neutral

• USD/TWD is currently trading around 29.22 marks.
   
• It made intraday high at 29.24 and low at 29.11 marks.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 29.20 will drag the parity up towards key resistances around 29.32, 29.50, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.

• On the other side, key support levels are seen at 28.99, 28.89, 28.77 and 28.49 marks respectively.
   
• Taiwan stocks open down 0.1 pct at 11,151.65 points.

We prefer to take long position in USD/TWD only above 29.32, stop loss at 29.08 and target of 29.50/29.90.

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