FxWirePro: USD/TWD trades in rigid boundaries, bias remains neutral

• USD/TWD is currently trading around 30.10 marks.
   
• It made intraday high at 30.16 and low at 30.03 marks.


• Intraday bias remains neutral till the time pair holds key support at 30.01 mark.
   
• A daily close above 30.12 will drag the parity up towards key resistances around 30.22, 30.30, 30.50, 30.65, 30.77, 30.90, 31.02, 31.15, 31.26 and 31.44 marks respectively.
   
• On the other side, key support levels are seen at 30.01, 29.90, 29.72, 29.61 and 29.28 marks respectively.
   
• Taiwan stocks open down 0.1 pct at 10,568.58 points.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.

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