- XAG/USD is currently trading around $20.61 marks.
- It made intraday high at $20.63 and low at $20.57 levels.
- Intraday bias remains bullish till the time pair holds key support at $20.32 levels.
- A daily close above $20.62 will test key resistances at $20.78, $21.09 and $21.46 marks respectively.
- On the other side, a daily close below $20.32 will take the parity down towards key supports at $20.05, $19.88, $19.78, $19.41, $19.28, $19.17, 19.12, $19.09, $18.87 and $18.68 marks respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- The main event for the day is U.S. ADP job data. This will provide further direction to the parity.
We prefer to take long position in XAG/USD only above $20.62 with stop loss at $20.32 and target of $20.78/$20.95/$21.18.


FxWirePro: NZD/USD downside pressure builds, key support level in focus
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro- Major European Indices
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115? 



