• USD/TWD is currently trading around 30.89 marks.
   
• It made intraday high at 30.97 and low at 30.86 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 31.00 marks.
   
• A daily close above 30.94 will drag the parity up towards key resistances around 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 30.80, 30.72, 30.60, 30.48 and 30.39 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.


• Taiwan stocks open flat at 9,741.29 points.
  
  We prefer to go short on USD/TWD around 30.90 with stop loss at 31.02 and target of 30.70/30.62.