FxWirePro: USD/TWD slips below 30.00 mark, sustained close below 29.84 requires for downside rally
USD/TWD is currently trading around 29.99 marks. It made intraday high at 30.03 and low at 29.87 marks. Intraday bias remains neutral for the moment. A daily close above 30.42 will drag the parity up towards key resistan…
It made intraday high at 30.03 and low at 29.87 marks.
Intraday bias remains neutral for the moment.
A daily close above 30.42 will drag the parity up towards key resistances around 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.
On the other side, key support levels are seen at 29.84, 29.70, 29.46, 29.28, 29.11 and 29.00 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Taiwan’s stock was trading around 0.28 pct higher at 10,596.55 points.
Positioning is inconclusive at this point. We remain sideways for the time being.
