• FxWirePro: taiwanese Dollar trades flat in early Asia, bias remains neutral

    Source: FxWire Pro - Technicals / 11 Dec 2017 23:25:36   Eastern Standard Time

    • USD/TWD is currently trading around 30.01 marks.
       
    • It made intraday high at 30.01 and low at 30.00 marks.
       
    • Intraday bias remains neutral for the moment.
       
    • 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 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 10,488.73 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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