Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/TWD hits fresh 3-week high at 31.82, bias remains bullish

  • USD/TWD is currently trading around 31.76 marks.
     
  • It made intraday high at 31.82 and low at 31.59 marks.
     
  • Intraday bias remains bullish till the time pair holds key support at 31.62 marks.
     
  • A sustained close below 31.62 mark will test key supports at 31.21, 30.99, 30.85 and 30.39 marks respectively.
     
  • Alternatively, a daily close above 31.93 will drag the parity up towards key resistances around 31.93, 32.12, 32.25, 32.43 and 32.63 marks respectively.
     
  • Taiwan July unemployment rate 3.96 pct.

We prefer to take long position in USD/TWD only above 31.93, stop loss 31.62 and target 32.19/32.41.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.