- USD/TWD is currently trading around 30.02 marks.
- It made intraday high at 30.04 and low at 29.94 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 29.96 will drag the parity up towards key resistances around 30.10, 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 29.92, 29.72, 29.61, 29.40 and 29.28 marks respectively.
- Taiwan stocks open up 0.2 pct at 10,617.27 points.
We prefer to take short position on USD/TWD around 30.05. stop loss 30.22 and target of 29.72 mark.
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