FxWirePro:GBP/NZD recovers ground after early dip, bias bullish 
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70 
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally 
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut 
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision 
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 
EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
- XAG/USD is currently trading around $16.29 marks.
- It made intraday high at $16.39 and low at $16.25 levels.
- Intraday bias remains bearish till the time pair holds key
resistance at $16.63 marks.
- A daily close below $16.31 will take the parity down towards key support at $16.15 marks.
- Alternatively, reversal from key support $16.31 will take the parity higher towards key resistances at $16.63, $16.88 (20D, 30D and 55D EMA cross over), $16.95, $17.11, $17.46 (May 09, 2016 high) and $17.55 (May 11, 2016 high) levels respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms bullish trend. Current downside movement is short term trend correction only.
We prefer to take short position in XAG/USD above $16.32, stop loss $16.42 and target $16.15/ $16.07 marks.
