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Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 
- USD/TWD is currently trading around 31.27 marks.
- It made intraday high at 31.31 and low at 31.15 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.17 mark.
- A daily close above 31.42 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 31.17, 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.
- Taiwanese stock was trading around 0.82 pct higher at 10,844.65 points.
We prefer to take short position on USD/TWD only below 31.17, stop loss at 31.42 and target of 30.89/30.68.
