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FxWirePro: USD/TWD consolidates around 30.00 mark, stay bullish only above 30.10 mark

  • USD/TWD is currently trading around 30.01 marks.
     
  • It made intraday high at 30.07 and low at 29.94 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 30.10 mark.
     
  • A daily close above 30.10 will drag the parity up towards key resistances around 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
  • On the other side, key support levels are seen at 29.88, 29.72, 29.61, 29.40 and 29.28 marks respectively.
     
  • Taiwan stocks open up 0.1 pct at 10,404.42 points.

We prefer to take long position on USD/TWD only above 30.10, stop loss 29.88 and target of 30.30/30.50.

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