FxWirePro: USD/TWD stabilizes above 30.00 mark, bias remains neutral

• USD/TWD is currently trading around 30.08 marks.
   
• It made intraday high at 30.10 and low at 29.92 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 30.30 mark.
   
• A daily close above 30.01 will drag the parity up towards key resistances around 30.20, 30.31, 30.48, 30.69, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 30.01, 29.92, 29.85, 29.72, 29.61 and 29.28 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Taiwan stocks open flat at 9,994.68 points.
   
• Taiwan will release industrial output data at 0800 GMT.

We prefer to take short position in USD/TWD around 30.15, stop loss at 30.31 and target of 29.91/29.72.