Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/TWD breaks key support at 30.30 mark, good to sell on rallies

  • USD/TWD is currently trading around 30.32 marks.
     
  • It made intraday high at 30.42 and low at 30.26 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 30.50 marks.

  • A daily close above 30.40 will drag the parity up towards key resistances around 30.50, 30.69, 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 30.30, 30.20, 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.
     
  • Taiwan stocks open up 0.3 pct at 9,657.05 points.

We prefer to take short position in USD/TWD around 30.35, stop loss at 30.47 and target of 30.20/30.06.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 23 00:30 UTC Released

JPNikkei Mfg PMI Flash

Actual

53.3 bln $

Forecast

Previous

53.1 bln $

April 20 19:00 UTC Released

USCattle Marketed

Actual

96 %

Forecast

95.9 %

Previous

102 %

January 31 00:00 UTC 118297118297m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118297118297m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 130117130117m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 118297118297m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 130117130117m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 118297118297m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118297118297m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 118297118297m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.