• FxWirePro: USD/TWD moves in stiff directions, bias remains neutral

    Source: FxWire Pro - Technicals / 06 Dec 2017 00:15:14   Eastern Standard Time

    • USD/TWD is currently trading around 30.02 marks.
       
    • It made intraday high at 30.04 and low at 29.92 marks.
       
    • Intraday bias remains neutral till the time pair holds key support at 29.88 mark.
       
    • A daily close above 30.01 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 29.88, 29.72, 29.61, 29.40 and 29.28 marks respectively.
       
    • Taiwan stocks open down 0.2 pct at 10,541.03 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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