- XAG/USD is currently trading around $16.70 marks.
- It made intraday high at $16.73 and low at $16.53 levels.
- Intraday bias remains bullish till the time pair holds key support at $16.55 mark.
- A daily close above $16.55 will test key resistances at $16.93/$17.01/$17.24/$17.40/$17.47/$17.63/$17.72/$17.98 marks respectively.
- On the other side, a daily close below $16.55 will take the parity down towards key supports at $16.40/$16.28/$16.14/$16.04/$15.80/$15.66 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 long on XAG/USD around $16.68 with stop loss at $16.40 and target of $16.93/$17.01/$17.12.


FxWirePro: USD/CAD extends decline on broad dollar weakness
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/JPY holding bid into weekend
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
FxWirePro: AUD/USD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows 



