- XAG/USD is currently trading around $16.40 marks.
- It made intraday high at $16.44 and low at $16.38 levels.
- Intraday bias remains bearish for the moment.
- A daily close above $16.41 will test key resistances at $16.49, $16.57, $16.68, $16.90, $17.08, $17.17, $17.22, $17.36, $17.44, $17.49, $17.60 and $17.82 marks respectively.
- On the other side, a daily close below $16.41 will take the parity down towards key supports at $16.28, $16.21, $16.10 and $15.99 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 short position in XAG/USD around $16.42, stop loss $16.57 and target of $16.10 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro- Major European Indices
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



