- USD/TWD is currently trading around 30.08 marks.
- It made intraday high at 30.15 and low at 30.00 marks.
- Intraday bias remains neutral till the time pair holds key support at 30.00 marks.
- A daily close above 30.10 will drag the parity up towards key resistances around 30.27, 30.40, 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 29.92, 29.85, 29.76 and 29.61 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan’s market was trading 0.13 percent lower at 9,843.93 points.
We prefer to take short position in USD/TWD only below 29.90, stop loss at 30.27 and target of 29.76/29.61.
The material has been provided by InstaForex Company – www.instaforex.com
April 27, 2017 at 10:19AM
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