- XAG/USD is currently trading around $17.23 marks.
- It made intraday high at $17.37 and low at $17.18 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $17.37 mark.
- A daily close above $17.32 will test key resistances at $17.52, $17.67, $17.76, $17.90 and $18.19 marks respectively.
- On the other side, a daily close below $17.32 will take the parity down towards key supports at $17.18, $17.05, $16.92 and $16.72 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take short position in XAG/USD around $17.28, stop loss $17.38 and target of $17.05/$16.92 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
EUR/USD Eyes 1.1660 Breakout: Buying Dips Near 1.1530 as Geopolitical Tensions Ease
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness 



