- XAG/USD is currently trading around $16.09 marks.
- It made intraday high at $16.11 and low at $15.86 levels.
- Intraday bias remains bullish till the time pair holds key support at $15.86 levels.
- A daily close above $16.08 will test key resistances at $16.19/$16.25/$16.32/$16.46/$16.62/$16.76 marks respectively.
- On the other side, a daily close below $16.08 will take the parity down towards key supports at $15.95/$15.86/$15.74/$15.66/$15.54/$15.32/$15.01 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 correction only.
We prefer to go short on XAG/USD around $16.10 with stop loss at $16.28 and target of $15.86/$15.74.


FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: GBP/AUD eases slightly, focus on near-term support
FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro- Woodies pivot (Major)
FxWirePro : EUR/NZD slips lower after soft US jobs report
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: NZD/USD retreats as Middle East instability weighs 



