TWD/CNH is about the only CNH cross for which strategists at ANZ Bank have a small preference to stay long as an upward sloping support line, which has been in place since 2015, is intact. Key quotes “The strength of TWD reflects the government’s success in containing COVID-19, as well as the outperformance of Taiwan’s tech/semiconductor sector which has benefited from increased demand during the global lockdown.” “Sellers of the cross can lock in 0.240 (or higher) for tenors of 3M or longer.” “For buyers, immediate support is at 0.232-0.234, seen in February-March 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE’s Saunders: Nothing to add on negative rates beyond what BoE Governor Bailey said FX Street 3 years TWD/CNH is about the only CNH cross for which strategists at ANZ Bank have a small preference to stay long as an upward sloping support line, which has been in place since 2015, is intact. Key quotes “The strength of TWD reflects the government’s success in containing COVID-19, as well as the outperformance of Taiwan’s tech/semiconductor sector which has benefited from increased demand during the global lockdown.” “Sellers of the cross can lock in 0.240 (or higher) for tenors of 3M or longer.” “For buyers, immediate support is at 0.232-0.234, seen in February-March 2020.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
