- XAG/USD is currently trading around $16.41 marks.
- It made intraday high at $16.45 and low at $16.39 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at $16.48 mark.
- A daily close above $16.44 will test key resistances at $16.52, $16.75, $16.96, $17.08, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.44 will take the parity down towards key supports at $16.38, $16.22, $16.10, $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.
We prefer to take long position in XAG/USD only above $16.48, stop loss $16.32 and target of $16.96.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



