Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/TWD moves in stiff boundaries, consistent close below 30.89 requires for downside rally

  • USD/TWD is currently trading around 31.05 marks.
     
  • It made intraday high at 31.07 and low at 31.02 marks.
     
  • Intraday bias remains neutral for the moment.
     
  • A daily close above 31.17 will drag the parity up towards key resistances around 31.40, 31.50, 31.77, 31.90 and 32.46 marks respectively.
  • On the other side, key support levels are seen at 30.89, 30.68, 30.56, 30.45, 30.28, 30.15 and 30.05 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
     
  • Taiwan stock was trading around 0.50 pct lower at 10,830.44 points.

We prefer to take short position on USD/TWD only below 30.89 mark, stop loss at 31.22 and target of 30.68/30.56.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 854318854318m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854318854318m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 866138866138m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 854318854318m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 866138866138m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 854318854318m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854318854318m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 854318854318m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.