FxWirePro: AUD/USD uptrend loses steam, remains on bullish path 
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data 
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects 
FxWirePro: NZD/USD downside pressure builds, key support level in focus 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Major Crypto levels and bias summary 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000? 
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations 
FxWirePro- Major Crypto levels and bias summary 
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance 
FxWirePro- Major European Indices 
- XAG/USD is currently trading around $16.33 marks.
- It made intraday high at $16.46 and low at $16.31 levels.
- Intraday bias remains bearish till the time pair holds key support at $16.32 marks.
- A daily close below $16.32 will take the parity down towards key support at $16.11, $15.95, $15.88 and $15.62(20D EMA) marks respectively.
- Alternatively, a sustained break above $16.51 will take the parity higher towards key resistances at $16.63 and $16.90 marks 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 only below $16.31, stop loss $16.51 and target $16.11/ $15.95 marks.
