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FxWirePro: USD/TWD touches 30.68 mark, consistent close below requires for downside rally

  • USD/TWD is currently trading around 30.74 marks.
     
  • It made intraday high at 30.83 and low at 30.68 marks.
     
  • Intraday bias remains slightly bearish 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 flat at 9,720.92 points.

We prefer to take short position on USD/TWD around 30.75, stop loss at 30.90 and target of 30.45.

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March 19 07:00 UTC Released

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-2 %

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-1.5 %

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ARTrade Balance

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-1541 %

January 31 00:00 UTC 594172594172m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 605992605992m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 594172594172m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594172594172m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 594172594172m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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