USD/TWD Taiwan Dollar Has Weakened Significantly Since Late Last Week

Not much going on for me recently because I have not seen any reversal patterns in any pair that I normally trade.  However, New Taiwan Dollar has weakened significantly since last week.  That was kind of strange because it was usually ‘hot’ right before the Chinese New Year.  Rumor has it that it is not in so much demand because Taiwanese government has allowed direct exchanges between the New Taiwan Dollar and the Chinese Yuan.

 

Not much going on for me recently because I have not seen any reversal patterns in any pair that I normally trade.  However, New Taiwan Dollar has weakened significantly since yesterday.  That was kind of strange because it was usually 'hot' right before the Chinese New Year.  Rumor has it that it is not in so much demand because Taiwanese government has allowed direct exchanges between the New Taiwan Dollar and the Chinese Yuan.