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NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop 
- USD/TWD is currently trading around 30.44 marks.
- It made intraday high at 30.52 and low at 30.34 marks.
- Intraday bias remains slightly bullish till the time pair holds key support at 30.25 marks.
- A daily close above 30.50 will drag the parity up towards key resistances around 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
- On the other side, key support levels are seen at 30.25, 30.14, 30.00, 29.90, 29.84, 29.72, 29.61 and 29.28 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Taiwan stocks open down 0.3 pct at 10,468.47 points.
We prefer to take long position in USD/TWD around 30.40, stop loss at 30.25 and target of 30.77/30.90.
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