• FxWirePro: USD/TWD hits fresh 6-month low at 29.86 mark, bias remains bearish

    Source: FxWire Pro - Technicals / 21 Nov 2017 22:57:45   Eastern Standard Time

    • USD/TWD is currently trading around 29.87 marks.
       
    • It made intraday high at 30.07 and low at 29.86 marks.
       
    • Intraday bias remains bearish till the time pair holds key resistance at 30.10 mark.
       
    • A daily close above 29.99 will drag the parity up towards key resistances around 30.10, 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 29.72, 29.61, 29.40 and 29.28 marks respectively.
       
    • Taiwan stocks open up 0.3 pct at 10,815.40 points.

    We prefer to take short position on USD/TWD  around 29.90, stop loss at 30.10 and target of 29.72/29.40 mark.

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