- USD/TWD is currently trading around 29.38 marks.
- It made intraday high at 29.42 and low at 29.35 marks.
- Intraday bias remains bullish till the time pair holds key support at 29.30 mark.
- A daily close above 29.42 will drag the parity up towards key resistances around 29.56, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.
- On the other side, key support levels are seen at 29.30, 29.15, 29.02, 28.99, 28.89, 28.77 and 28.49 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Taiwan stocks open flat at 10,953.51 points.
We prefer to take long position on USD/TWD around 29.35 mark, stop loss 29.20 and target of 29.65.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
FxWirePro- Woodies pivot (Major)
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: USD/JPY gains capped as intervention fears keep traders on edge
FxWirePro: AUD/USD firms after upbeat consumer spending data
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as the pair continues to weaken 



