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FxWirePro: USD/TWD falls below 31.00 mark, sustained close below targets 30.82

Thursday, February 9, 2017 4:58 AM UTC

USD/TWD is currently trading around 30.99 mark.
It made intraday high at 31.19 and low at 30.98 marks.
Intraday bias remains bearish for the moment.
A sustained close below 31.00 mark will test key supports at 30.82, 30.77, 30.68 and 30.48 marks respectively.
Alternatively, reversal from key support will drag the parity up towards key resistances around 31.19, 31.25, 31.35, 31.44, 31.58, 31.72, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
Taiwan stocks open up 0.1 pct at 9,555.52 points.

We prefer to take short position in USD/TWD around 31.00, stop loss 31.19 and target of 30.82/30.77.

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FxWirePro: USD/TWD falls below 31.00 mark, sustained close below targets 30.82

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