- XAG/USD is currently trading around $16.54 marks.
- It made intraday high at $16.67 and low at $16.46 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $16.68 mark.
- A daily close above $16.62 will test key resistances at $16.68, $16.85, $16.96, $17.08, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.62 will take the parity down towards key supports at $16.51, $16.40, $16.28, $16.16, $16.08, $15.90 and $15.68 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correctin only.
We prefer to take short position in XAG/USD around $16.57, stop loss $16.72 and target of $16.40.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: USD/CNY edges higher, outlook bearish
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: AUD/USD firms after upbeat consumer spending data
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level 



