CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106 
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92 
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660? 
FxWirePro: USD/CAD outlook weaker on renewed downside pressure 
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 
FxWirePro- Major Pair levels and bias summary 
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish 
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data 
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows 
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes 
0.7870 Break Looms – Next Stop 0.7800 for USDCHF? 
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar 
- USD/TWD is currently trading around 30.66 marks.
- It made intraday high at 30.69 and low at 30.53 marks.
- Intraday bias remains neutral till the time pair holds key support at 30.62 marks.
- A daily close above 30.62 will drag the parity up towards key resistances around 30.72, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 30.62, 30.54, 30.36, 30.18, 30.06, 29.92, 29.85, 29.76 and 29.61 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Yesterday Taiwan released trade balance data. Taiwan’s March trade balance $+3.93 bln (poll +$4.015 bln).
We prefer to take long position in USD/TWD only above 30.62, stop loss 30.50 and target of 30.97.
