2017.04.2700:14:00UTC+00Fxwirepro: Usd/twd Hovers Around 30.00 Mark, Bias Remains Neutral

• USD/TWD is currently trading around 30.08 marks.
   
• It made intraday high at 30.15 and low at 30.00 marks.
   
• Intraday bias remains neutral till the time pair holds key support at 30.00 marks.
   
• A daily close above 30.10 will drag the parity up towards key resistances around 30.27, 30.40, 30.69, 30.90, 31.02, 31.15, 31.26, 31.78, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
   
• On the other side, key support levels are seen at 29.92, 29.85, 29.76 and 29.61 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
   
• Taiwan’s market was trading 0.13 percent lower at 9,843.93 points.

We prefer to take short position in USD/TWD only below 29.90, stop loss at 30.27 and target of 29.76/29.61.