- XAG/USD is currently trading around $16.37 marks.
- It made intraday high at $16.45 and low at $16.31 levels.
- Intraday bias remains neutral till the time pair holds key support at $16.27 mark.
- A daily close above $16.57 will test key resistances at $16.62, $16.80 and $16.97 marks respectively.
- On the other side, a daily close below $16.36 will take the parity down towards key supports at $16.27, $16.17, $16.02, $15.90, $15.70, $15.47 and $15.40 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take short position on XAG/USD around $16.40, stop loss at $16.52 and target of $16.17.


Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Woodies pivot (Major)
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



