- USD/TWD is currently trading around 30.58 marks.
- It made intraday high at 30.59 and low at 30.50 marks.
- Intraday bias remains bullish till the time pair holds key support at 30.38 mark.
- A daily close above 30.48 will drag the parity up towards key resistances around 30.68, 30.90 and 31.18 marks respectively.
- On the other side, key support levels are seen at 30.38, 30.22, 30.15, 30.05 and 29.90 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 0.3 pct at 10,669.42 points.
We prefer to take long position on USD/TWD around 30.55, stop loss at 30.38 and target of 30.90.
