USD/TWD is currently trading around 30.85 marks. It made intraday high at 30.88 and low at 30.84 marks. Intraday bias remains neutral till the time pair holds key resistance at 30.92 mark. A daily close above 30.92 will …
It made intraday high at 30.88 and low at 30.84 marks.
Intraday bias remains neutral till the time pair holds key resistance at 30.92 mark.
A daily close above 30.92 will drag the parity up towards key resistances around 31.02, 31.18, 31.28, 31.42 and 31.77 marks respectively.
On the other side, key support levels are seen at 30.75, 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 up and confirms the bullish trend in a daily chart.
Taiwan stocks open up 0.3 pct at 10,905.63 points.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
