FxWirePro: USD/TWD remains well supported below 30.00 mark, stay bearish

• USD/TWD is currently trading around 29.96 marks.
   
• It made intraday high at 30.02 and low at 29.88 marks.
   
• Intraday bias remains bearish till the time pair holds key resistance at 30.10 mark.
   
• A daily close above 29.93 will drag the parity up towards key resistances around 30.02, 30.10, 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 10,837.61 points.

We prefer to take short position on USD/TWD  around 30.00, stop loss at 30.10 and target of 29.72/29.40 mark.

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