- XAG/USD is currently trading around $15.65 marks.
- It made intraday high at $15.70 and low at $15.61 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.02 mark.
- A daily close above $16.02 will test key resistances at $16.22/$16.32/$16.40/$16.58/$16.72/$16.88/$17.00/$17.08/$17.22/$17.49/$17.68 marks respectively.
- On the other side, a daily close below $15.57 will take the parity down towards key supports at $15.42/$15.24/$15.16/$15.04/$14.90/$14.82/$14.74 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 go short on XAG/USD around $15.65 with stop loss at $16.02 and target of $15.48/$15.16.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: GBP/NZD remains bullish as rally continues
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



