FxWirePro: USD/TWD trades in narrow range, sustained close above 30.90 requires for upside rally

• USD/TWD is currently trading around 30.72 marks.
   
• It made intraday high at 30.75 and low at 30.70 marks.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 30.47 mark.
   
• A daily close above 30.72 will drag the parity up towards key resistances around 30.90, 31.02, 31.17 and 31.42 marks respectively.

• On the other side, key support levels are seen at 30.47, 30.40, 30.28, 30.15 and 30.05 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Taiwan stocks open up 0.2 pct at 10,981.39 points.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.