- USD/TWD is currently trading around 30.99 marks.
- It made intraday high at 30.99 and low at 30.96 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 31.02 mark.
- A daily close above 31.02 will drag the parity up towards key resistances around 31.22, 31.40, 31.71, 31.90, 32.46 and 32.88 marks respectively.
- On the other side, key support levels are seen at 30.87, 30.76, 30.54, 30.38 and 30.11 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan’s stock was trading 0.11 pct lower at 10,920.04 points.
- Taiwan will release industrial production data around 0800 GMT.
We prefer to take short position on USD/TWD only below 30.87, stop loss at 31.10 and target of 30.54.


GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Woodies pivot (Major) 



