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FxWirePro- Woodies pivot (Major) 
- USD/TWD is currently trading around 31.73 mark.
- It made intraday high at 31.93 and low at 31.66 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 32.12 marks.
- A sustain close below 31.70
mark will test key supports at 31.58, 31.40 and 31.17 marks respectively.
- Alternatively, reversal from key support will drag the parity up towards 31.98, 32.12 mark to test key resistances at 32.25, 32.43 and 32.63 marks respectively.
- Taiwan July PMI rises to 51.0, four-month high vs 50.5 in June.
- Taiwan July export orders grow modestly but at fastest pace in 18 months.
We prefer to take short position in USD/TWD only below 31.70, stop loss 32.12 and target 31.54/ 30.85.
