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FxWirePro: USD/TWD remains well supported below 32.00 mark, sustain a break below 31.87 targets 31.72

Thursday, July 28, 2016 2:26 AM UTC

USD/TWD is currently trading around 31.97 mark.
It made intraday high at 32.07 and low at 31.91 marks.
Intraday bias remains bearish till the time pair holds key resistance at 32.19 marks.
A sustain close below 31.87 mark will tests key supports at 31.72, 31.58, 31.40 and 31.17 marks respectively.
Alternatively, reversal from key support will drag the parity higher back above 32.12 marks to test key resistances at 32.25, 32.43 and 32.63 marks respectively.

We prefer to take short position in USD/TWD around 31.97, stop loss 32.12 and target 31.87/ 31.72.

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FxWirePro: USD/TWD remains well supported below 32.00 mark, sustain a break below 31.87 targets 31.72

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