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FxWirePro: Taiwanese dollar strengthens noticeably against U.S. dollar, good to sell on rallies

  • USD/TWD is currently trading around 31.34 marks.
     
  • It made intraday high at 31.44 and low at 31.27 marks.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 31.54 mark.
     
  • A daily close above 31.48 will drag the parity up towards key resistances around 31.77, 31.90 and 32.46 marks respectively.
  • On the other side, key support levels are seen at 31.20, 30.98, 30.68, 30.56, 30.45, 30.28, 30.15 and 30.05 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 up 0.8 pct at 10,650.48 points.

We prefer to take short position on USD/TWD around 31.40, stop loss at 31.55 and target of 31.20/30.98.

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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

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451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 774148774148m

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2016 bln ARS

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 785968785968m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 774148774148m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 785968785968m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 774148774148m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774148774148m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 774148774148m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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