• FxWirePro: USD/TWD consolidates around 30.00 mark, stay bullish only above 30.10 mark

    Source: FxWire Pro - Technicals / 06 Dec 2017 22:43:47   Eastern Standard Time

    • USD/TWD is currently trading around 30.01 marks.
       
    • It made intraday high at 30.07 and low at 29.94 marks.
       
    • Intraday bias remains neutral till the time pair holds key resistance at 30.10 mark.
       
    • A daily close above 30.10 will drag the parity up towards key resistances around 30.22, 30.30, 30.41, 30.50, 30.65, 30.77, 30.90, 31.02 and 31.44 marks respectively.
    • On the other side, key support levels are seen at 29.88, 29.72, 29.61, 29.40 and 29.28 marks respectively.
       
    • Taiwan stocks open up 0.1 pct at 10,404.42 points.

    We prefer to take long position on USD/TWD only above 30.10, stop loss 29.88 and target of 30.30/30.50.

    FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest