• FxWirePro: USD/TWD hovers around 30.00 mark, good to sell on rallies

    Source: FxWire Pro - Technicals / 03 Dec 2017 23:15:39   Eastern Standard Time

    • USD/TWD is currently trading around 30.02 marks.
       
    • It made intraday high at 30.04 and low at 29.94 marks.
       
    • Intraday bias remains neutral for the moment.
       
    • A daily close above 29.96 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 29.92, 29.72, 29.61, 29.40 and 29.28 marks respectively.
       
    • Taiwan stocks open up 0.2 pct at 10,617.27 points.

    We prefer to take short position on USD/TWD around 30.05. stop loss 30.22 and target of 29.72 mark.

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