- XAG/USD is currently trading around $16.60 marks.
- It made intraday high at $16.63 and low at $16.50 levels.
- Intraday bias remains bullish till the time pair holds key support at $16.52 mark.
- A daily close above $16.52 will test key resistances at $16.72, $16.95, $17.08, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.52 will take the parity down towards key supports at $16.38, $16.22, $15.90 and $15.68 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in XAG/USD around $16.62, stop loss $16.72 and target of $16.32.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies Pivot(Major)
Yen Under Siege: NZDJPY Bulls Eye 96.00 Amid Broad Japanese Weakness
FxWirePro: USD/ZAR recovers some ground but upside is limited
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: USD/CAD dips as weaker dollar gives bears some traction
Sterling Surge: GBPJPY Rebounds from Fibonacci Support as Yen Weakness Persists
FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: GBP/USD recovers from early dip but upside is limited
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions
FxWirePro: NZD/USD firms as Q1 NZ CPI runs hotter than expected
FxWirePro: AUD/USD stalls as uncertainty around the U.S.-Iran outlook peace talks weighed on risk sentiment
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
FxWirePro: USD/ZAR trades in narrow range as Middle East tensions fester
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro- Major European Indices 



