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- USD/TWD is currently trading around 32.53 levels.
- It made intraday high at 32.71 and low at 32.45 levels.
- Taiwan Central bank cuts benchmark interest rate by 0.125 pct point to 1.5 pct.
- Taiwan central bank says outlook for consumer prices is stable and added economic growth seen gradually recovering quarter by quarter.
- Intraday bias remains bearish till the time pair holds key resistance at 32.74 marks.
- On the down side, key support levels falls at 32.28 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
