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- USD/TWD is currently trading around 31.89 mark.
- It made intraday high at 31.98 and low at 31.84 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 32.12 marks.
- A sustain close below 31.87 mark will test key supports at 31.72, 31.58, 31.40 and 31.17 marks respectively.
- Alternatively, reversal from key support will drag the parity higher back above 32.12 mark to test key resistances at 32.25, 32.43 and 32.63 marks respectively.
We prefer to take short position in USD/TWD around 31.90, stop loss 32.12 and target 31.54/ 30.85.
