- USD/TWD is currently trading around 29.98 marks.
- It made intraday high at 30.03 and low at 29.97 marks.
- Intraday bias remains neutral for the moment.
- A daily close above 30.17 will drag the parity up towards key resistances around 30.40, 30.70, 30.87, 31.02, 31.22, 31.40, 31.71 and 31.90 marks respectively.
- On the other side, key support levels are seen at 29.87, 29.70 and 29.46 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan’s stock was trading around 0.35 pct higher at 11,815.15 points.
Positioning is inconclusive at this point. We remain sideways for the time being.
