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FxWirePro: USD/TWD stabilizes above 32.00 mark, bias remains neutral

USD/TWD is currently trading around 32.11 marks. It made intraday high at 32.22 and low at 32.05 marks. Intraday bias remains neutral for the moment. A daily close above 32.15 will drag the parity up towards key resistan…

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FxWirePro: USD/TWD stabilizes above 32.00 mark, bias remains neutral
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  • USD/TWD is currently trading around 32.11 marks.
     
  • It made intraday high at 32.22 and low at 32.05 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 32.15 will drag the parity up towards key resistances around 32.32, 32.43 and 32.63 marks respectively.
     
  • On the other side, key support levels are seen at 32.03, 31.91, 31.72, 31.56, 31.45, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
     
  • Taiwan stocks open up 0.1 pct at 9,088.99 points

We prefer to take short position in USD/TWD around 32.15, stop loss 32.32 and target of 31.72.

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