• FxWirePro: USD/TWD hovers around 30.00 mark, bias remains neutral

    Source: FxWire Pro - Technicals / 05 Dec 2017 01:48:24   America/New_York

    • USD/TWD is currently trading around 29.99 marks.
       
    • It made intraday high at 30.04 and low at 29.92 marks.
       
    • Intraday bias remains neutral till the time pair holds key support at 29.88 mark.
       
    • A daily close above 30.01 will drag the parity up towards key resistances around 30.10, 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 29.88, 29.72, 29.61, 29.40 and 29.28 marks respectively.
       
    • Taiwan stocks open down 0.4 pct at 10,607.62 points and close down 0.8 pct at 10,566.85 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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