StephenHoad

Taiwan Dollar (TWD) maintaining its bearish strength vs the USD

Short
FX_IDC:USDTWD   U.S. DOLLAR / TAIWAN NEW DOLLAR
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Taiwan Dollar is maintaining its strength versus the US Dollar since the beginning of 2017 and holds the longer term bearish trend . A head and shoulders pattern has formed on the weekly chart but is as yet complete. The 30 level could prove significant resistance and if it can break here, then 28/29 could be a potential further resistance level . Upside support may be found at 30.75 then 31.42.