The current price upswings have spiked above DMAs, while 7DMA crosses over 21DMA which is the bullish crossover. The breach above 200 day moving average opens room for more upside. The trend line support from the August lows should offer robust downside protection while the recent break above the 200d moving average (31.99), the sustenance above would signal...
Longs USDTWD on its attractive carry are encouraged as the China exposure sentiment toward EM currencies could be in the process of shifting and we prefer to focus on regional low yielders in expressing a bullish dollar view. The slew of hawkish commentary from Fed officials in recent weeks as put the possibility of a rate hike back in play for H2. Chinese growth...
30.8 support is strong with harmonic and moving average techniques