- USD/TWD is currently trading around 29.76 marks.
- It made intraday high at 29.87 and low at 29.76 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 30.02 mark.
- A daily close above 29.82 will drag the parity up towards key resistances around 30.02, 30.22, 30.38 and 30.68 marks respectively.
- On the other side, key support levels are seen at 29.72, 29.50, 29.43, 29.30, 29.15, 29.02, 28.99 and 28.89 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- Taiwan stocks open up 0.5 pct at 11,002.15 points.
We prefer to take short position on USD/TWD around 29.80, stop loss 30.02 and target of 29.50.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Crypto levels and bias summary
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edges higher as markets track U.S.-Iran talks and oil moves 



