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FxWirePro: Taiwanese dollar trades marginally lower ahead of GDP data

  • USD/TWD is currently trading around 31.31 marks.
     
  • It made intraday high at 31.40 and low at 31.23 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 31.50 will drag the parity up towards key resistances around 31.71, 31.90, 32.46 and 32.88 marks respectively.
  • On the other side, key support levels are seen at 31.18, 31.02, 30.89, 30.68 and 30.56 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
     
  • Taiwan will release GDP data around 0800 GMT.
     
  • Taiwanese stock was trading around 0.83 pct higher at 10,413.18 points.

We prefer to take long position on USD/TWD only above 31.40, stop loss at 31.10 and target of 31.90.

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January 31 00:00 UTC 853962853962m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 865782865782m

ARTrade Balance

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Previous

-1541 %

January 31 00:00 UTC 853962853962m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853962853962m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853962853962m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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