Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/TWD exhibits range bound movement, stay bullish only above 30.30 mark

  • USD/TWD is currently trading around 30.27 marks.
     
  • It made intraday high at 30.31 and low at 30.23 marks.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 30.30 mark.
     
  • A daily close above 30.21 will drag the parity up towards key resistances around 30.30, 30.41, 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 30.20, 30.08, 30.01, 29.90, 29.72, 29.61 and 29.28 marks respectively.
     
  • Taiwan stocks open up 0.2 pct at 10,757.35 points.

We prefer to take long position in USD/TWD only above 30.30, stop loss at 30.15 and target of 30.50 mark.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

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