- XAG/USD is currently trading around $16.54 marks.
- It made intraday high at $16.54 and low at $16.40 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at $16.28 mark.
- A daily close above $16.43 will test key resistances at $16.62/$16.86/$16.98/$17.24/$17.40/$17.47/$17.63/$17.72/$17.98 marks respectively.
- On the other side, a daily close below $16.43 will take the parity down towards key supports at $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 $16.50 with stop loss at $16.40 and target of $16.61/$16.74.


FxWirePro- Major Crypto levels and bias summary
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead
EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD extends fall, vulnerable to more downside
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Major Pair levels and bias summary 



