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Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling 
- XAG/USD is currently trading around $15.12 marks.
- It made intraday high at $15.14 and low at $15.03 levels.
- Intraday bias remains neutral till the time pair holds key resistance at $15.22 mark.
- A daily close above $15.11 will test key resistances at $15.15, $15.22, $15.38, $15.57, $15.62 and $15.84 marks respectively.
- On the other side, a daily close below $15.11 will take the parity down towards key supports at $14.98, $14.87, $14.68, $14.52 and $14.40 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position on XAG/USD around $15.08, stop loss at $14.98 and target of $15.22/$15.38.
