Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/TWD rejects key resistance at 29.32 mark, good to sell on rallies

  • USD/TWD is currently trading around 29.11 marks.
     
  • It made intraday high at 29.19 and low at 29.06 marks.
     
  • Intraday bias remains bearish the time pair holds key resistance at 29.32 mark.
     
  • A daily close above 29.15 will drag the parity up towards key resistances around 29.32, 29.50, 29.65, 29.90, 30.02, 30.22 and 30.30 marks respectively.
  • On the other side, key support levels are seen at 28.99, 28.89, 28.77 and 28.49 marks respectively.
     
  • Taiwan stocks open up 0.3 pct at 11,139.40 points and close up 0.5 pct at 11,160.25 points.

We prefer to take short position in USD/TWD around 29.15, stop loss at 29.32 and target of 28.99/28.89.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • Market Data
Close

Welcome to EconoTimes

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