FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout 
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption 
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 
FxWirePro- Major Pair levels and bias summary 
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro: GBP/USD dips on UK GDP data miss 
FxWirePro: AUD/USD hovers near three –month high, scope for further upside 
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210? 
FxWirePro: EUR/AUD moves higher following downbeat Australian jobs report 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
- XAG/USD is currently trading around $17.24 marks.
- It made intraday high at $17.28 and low at $17.20 levels.
- Intraday bias remains neutral till the time pair holds initial resistance at $17.28 marks.
- A sustained close above $17.32 tests key resistances at $17.45, $17.62, $17.84 and $17.99 marks respectively.
- On the other side, a daily close below $17.11 will take the parity down towards key supports at $17.06, 16.95 and $16.88 marks respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.
- During the U.S. session, Fed chair Yellen testimony’s second round will be in focus. Markets scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
We prefer to take long position in XAG/USD only above $17.32, stop loss at $17.11 and target $17.62/ $17.99 marks.
