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

Monday, December 26, 2016 3:20 AM UTC

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

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