• FxWirePro: USD/TWD trades in narrow range, stay bullish only above 30.90 Mark

    Source: FxWire Pro - Technicals / 15 Aug 2018 23:54:24   America/New_York

    • USD/TWD is currently trading around 30.84 marks.
       
    • It made intraday high at 30.87 and low at 30.82 marks.
       
    • Intraday bias remains neutral till the time pair holds immediate resistance at 30.90 mark.
       
    • A daily close above 30.90 will drag the parity up towards key resistances around 31.02, 31.17 and 31.42 marks respectively.
    • On the other side, key support levels are seen at 30.70, 30.58, 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 down 0.5 pct at 10,663.57 points.

    We prefer to take long position on USD/TWD only above 30.90, stop loss at 30.70 and target of 31.17.

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