• FxWirePro: USD/TWD rejects key support at 30.62 Mark, taiwan’s jobless rate in focus

    Source: FxWire Pro - Technicals / 21 Aug 2018 23:28:33   America/New_York

    • USD/TWD is currently trading around 30.70 marks.
       
    • It made intraday high at 30.72 and low at 30.64 marks.
       
    • Intraday bias remains bullish till the time pair holds key support at 30.62 mark.
       
    • A daily close above 30.64 will drag the parity up towards key resistances around 30.90, 31.02, 31.17 and 31.42 marks respectively.
    • On the other side, key support levels are seen at 30.62, 30.47, 30.40, 30.28, 30.15 and 30.05 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
       
    • Taiwan stocks open flat at 10,790.24 points.
       
    • Taiwan will release jobless rate at 0800 GMT.

    We prefer to take long position on USD/TWD around 30.67, stop loss at 30.60 and target of 30.90.

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