• FxWirePro: USD/TWD remains well supported above 30.00 Mark, taiwan’s jobless rate in focus

    Source: FxWire Pro - Technicals / 22 Jun 2018 01:33:25   America/New_York

    • USD/TWD is currently trading around 30.30 marks.
       
    • It made intraday high at 30.37 and low at 30.29 marks.
       
    • Intraday bias remains slightly bearish till the time pair holds key resistance at 30.38 mark.
       
    • A daily close above 30.32 will drag the parity up towards key resistances around 30.42, 30.68 and 30.90  marks respectively.
    • On the other side, key support levels are seen at 30.05, 29.90, 29.78, 29.61, 29.50 and 29.43 marks respectively.
       
    • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
       
    • Taiwan stocks open down 0.4 pct at 10,901.25 points.
       
    • Taiwan will release Jobless rate at 0800 GMT.

    We prefer to take long position on USD/TWD only above 30.38, stop loss at 30.10 and target of 30.90.

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