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FxWirePro: USD/TWD moves in rigid boundaries, stay neutral

  • USD/TWD is currently trading around 30.85 marks.
     
  • It made intraday high at 30.86 and low at 30.74 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 30.92 will drag the parity up towards key resistances around 31.02, 31.18, 31.28, 31.42 and 31.77 marks respectively.
  • On the other side, key support levels are seen at 30.70, 30.56, 30.45, 30.28, 30.15 and 30.05 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 9,756.46 points.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

  • Market Data
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