• FxWirePro: taiwanese Dollar hits over 3-year high, up 0.2 pct at 29.73 per U.S. Dollar

    Source: FxWire Pro - Technicals / 27 Dec 2017 23:55:16   Eastern Standard Time

    • USD/TWD is currently trading around 29.81 marks.
       
    • It made intraday high at 29.95 and low at 29.73 marks
       
    • Intraday bias remains bearish till the time pair holds key resistance at 30.02 mark.
       
    • A daily close above 29.92 will drag the parity up towards key resistances around 30.02, 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 10,513.29 points.

    We prefer to take short position in USD/TWD around 29.85, stop loss at 30.02 and target of 29.40.

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