• FxWirePro: USD/TWD remains well supported above 30.00 mark, sustained close below requires for downside rally

    Source: FxWire Pro - Technicals / 19 Nov 2017 23:03:35   Eastern Standard Time

    • USD/TWD is currently trading around 30.06 marks.
       
    • It made intraday high at 30.15 and low at 30.01 marks.
       
    • Intraday bias remains neutral till the time pair holds key support at 30.01 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, 31.15, 31.26 and 31.44 marks respectively.
    • On the other side, key support levels are seen at 30.01, 29.90, 29.79, 29.61 and 29.28 marks respectively.
       
    • Taiwan stocks open up 0.1 pct at 10,706.79 points.

    We prefer to take short position on USD/TWD only below 30.01, stop loss at 30.22 and target of 29.79/29.61 mark.

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