- XAG/USD is currently trading around $17.30 marks.
- It made intraday high at $17.37 and low at $17.17 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $17.99 marks.
- A daily close above $17.99 will test key resistances at $18.22/$18.56/$18.68/$18.88/$19.25 marks respectively.
- Alternatively, a daily close below $17.09 will take the parity down towards key supports at $16.92/$16.33/$15.93 marks respectively.
- U.S. will release NFP job data at 1230 GMT.
We prefer to go short on XAG/USD around $17.42 with stop loss at $17.99 and target of $17.09/$16.92/$16.33.
