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FxWirePro: USD/TWD remains well supported below 31.88, sustained break above targets 32.19

Monday, August 29, 2016 2:21 AM UTC

USD/TWD is currently trading around 31.81 marks.
It made intraday high at 31.86 and low at 31.64 marks.
Intraday bias remains neutral till the time pair holds key resistance at 31.88 marks.
A daily close above 31.88 will drag the parity up towards key resistances around 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
On the other side, a sustained close below 31.62 marks will test key supports at 31.21, 30.99, 30.85 and 30.39 marks respectively.

We prefer to go short on USD/TWD around 31.85 with stop loss at 32.00 and target of 31.62/31.21.

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FxWirePro: USD/TWD remains well supported below 31.88, sustained break above targets 32.19

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