- XAG/USD is currently trading around $16.70 marks.
- It made intraday high at $16.72 and low at $16.62 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $16.72 mark.
- A daily close above $16.65 will test key resistances at $16.85, $16.96, $17.08, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.65 will take the parity down towards key supports at $16.51, $16.40, $16.28, $16.16, $16.08, $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 correctin only.
We prefer to take long position in XAG/USD only above $16.72, stop loss $16.60 and target of $16.85.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Major Crypto levels and bias summary
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 



