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- AG/USD is currently trading around $15.43 marks.
- It made intraday high at $15.46 and low at $15.33 levels.
- Intraday bias remains bullish till the time pair holds key support at $15.32 mark.
- A daily close above $15.42 will test key resistances at $15.47, $15.62 and $15.84 marks respectively.
- On the other side, a daily close below $15.42 will take the parity down towards key supports at $15.32, $15.22, $15.07 and $14.90 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- U.S. will release PPI as well as core durable goods orders data around 1230 GMT.
We prefer to take long position on XAG/USD only above $15.47, stop loss at $15.32 and target of $15.62/$15.84.
