- USD/TWD is currently trading around 30.23 marks.
- It made intraday high at 30.30 and low at 30.20 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.42 marks.
- A daily close above 30.22 will drag the parity up towards key resistances around 30.38, 30.50, 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
- On the other side, key support levels are seen at 30.22, 30.14, 30.00, 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
- Taiwan stocks open down 0.3 pct at 10,396.76 points.
We prefer to take short position in USD/TWD around 30.25, stop loss 30.42 and target of 29.90.
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