FxWirePro: Taiwanese dollar falls gradually against U.S. dollar, Taiwan’s industrial output data in focus

• USD/TWD is currently trading around 30.40 marks.
   
• It made intraday high at 30.41 and low at 30.31 marks.
   
• Intraday bias remains bullish till the time pair holds key support at 30.15 mark.
   
• A daily close above 30.32 will drag the parity up towards key resistances around 30.42, 30.68 and 30.90  marks respectively.

• On the other side, key support levels are seen at 30.15, 30.05, 29.90, 29.78, 29.61, 29.50 and 29.43 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Taiwan will release industrial output data at 0800 GMT.
   
• Taiwan stocks open down 0.6 pct at 10,834.07 points.

We prefer to take long position on USD/TWD around 30.36, stop loss at 30.15 and target of 30.90.