USD/TWD Likely to Maintain Bullish Chart Bias

        0209 GMT [Dow Jones] A bullish technical bias likely remains for USD/TWD if it closes Tuesday above 30.520. The daily Bollinger uptrend channel will then remain in effect, pointing the dollar toward the round-figure trading barrier at 31.000. The recent upswing of USD/TWD has bumped up the base of the uptrend channel to 30.520 from 30.510 on Monday. U.S. dollar strength has returned in Asia after USD/JPY managed to shake off sporadic selling seen Monday to close higher. As long as USD/JPY remains elevated, most USD/Asia pairs will likely follow suit in the near term. USD/TWD is now 30.540 from its Monday close of 30.592. (ewen.chew@wsj.com)
        (END) Dow Jones Newswires
        November 10, 2014 21:09 ET (02:09 GMT)