- XAG/USD is currently trading around $16.04 marks.
- It made intraday high at $16.14 and low at $16.03 levels.
- Intraday bias remains bearish till the time pair holds immediate resistance at $16.22 mark.
- A daily close above $16.09 will test key resistances at $16.22, $16.40, $16.55, $16.65, $16.90, $17.12, $17.23, $17.33 and $17.54 marks respectively.
- On the other side, a daily close below $16.09 will take the parity down towards key supports at $15.90, $15.75, $15.47 and $15.32 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 short position on XAG/USD around $16.05, stop loss $16.20 and target of $15.75.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: GBP/USD advances on steady UK GDP growth
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level 



