- USD/TWD is currently trading around 29.51 marks.
- It made intraday high at 29.52 and low at 29.37 marks.
- Intraday bias remains neutral till the time pair holds key support at 29.37 mark.
- A daily close above 29.44 will drag the parity up towards key resistances around 29.62, 29.90, 30.02, 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
- On the other side, key support levels are seen at 29.37, 29.28, 29.04 and 28.77 marks respectively.
- Taiwan stocks open up 0.2 pct at 10,899.09 points and close up 0.3 pct at 10,915.75 points.
We prefer to take short position in USD/TWD only below 29.37, stop loss at 29.62 and target of 29.28/29.04.
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