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- USD/TWD is currently trading around 32.11 mark,
- It made intraday high at 32.12 and low at 31.98 marks.
- Intraday bias remains bullish till the time pair holds key support at 31.97 marks.
- A sustain close below 31.97 mark will tests key supports at 31.87, 31.72, 31.58, 31.40 and 31.17 marks respectively.
- Alternatively, reversal from key support will drag the parity higher back above 32.12 marks to test key resistances at 32.25, 32.43 and 32.63 marks respectively.
- In addition, Taiwan stocks open up 0.2 pct at 9,030.36 points.
We prefer to take long position in USD/TWD above 32.12, stop loss 31.97 and target 32.40.
