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- USD/TWD is currently trading around 30.01 marks.
- It made intraday high at 30.10 and low at 29.93 marks.
- Intraday bias remains bearish till the time pair holds key resistance 30.22 mark.
- A daily close above 30.07 will drag the parity up towards key resistances around 30.22, 30.32, 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 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
- Taiwan stocks open up 0.1 pct at 10,584.10 points.
- Taiwan will release CPI as well as WPI data at 0800 GMT.
We prefer to take short position in USD/TWD around 30.05 mark, stop loss at 30.22 and target of 29.72.
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