- USD/TWD is currently trading around 30.89 marks.
- It made intraday high at 30.93 and low at 30.88 marks.
- Intraday bias remains slightly bullish for the moment.
- A daily close above 30.90 will drag the parity up towards key resistances around 31.02, 31.18, 31.28, 31.42 and 31.77 marks respectively.
- On the other side, key support levels are seen at 30.68, 30.56, 30.45, 30.28, 30.15 and 30.05 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Taiwan stocks open down 0.4 pct at 10,274.28 points.
- Taiwan will release CPI as well as trade balance data around 0800 GMT.
We prefer to take long position on USD/TWD around 30.80, stop loss at 30.68 and target of 31.18.
