FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish 
Currency Score Major Pair: Extremely Bullish GBPUSD, AUDUSD & NZDUSD – Key Levels to Watch 
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop 
FxWirePro: EUR/AUD slips after surprise U.S. employment data 
JPY Currency Scoreboard: USDJPY and NZDJPY Emerge as Top Bullish Pairs to Watch 
FxWirePro: EUR/AUD bears maintain upper hand 
AUDJPY Rebounds on Yen Weakness – Bullish Buy Setup Above 112 Targets 115 
FxWirePro: AUD/USD range bound ahead of RBA policy decision 
FxWirePro: USD/JPY advances as traders test Japan's intervention resolve 
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217 
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish 
AUDJPY Holds Firm Above 112 on Broad Yen Weakness: Buy Dips Toward 115 
FxWirePro: GBP/AUD edges higher but bulls lack punch 
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217 
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target 
FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data 
- XAG/USD is currently trading around $16.29 marks.
- It made intraday high at $16.39 and low at $16.25 levels.
- Intraday bias remains bearish till the time pair holds key
resistance at $16.63 marks.
- A daily close below $16.31 will take the parity down towards key support at $16.15 marks.
- Alternatively, reversal from key support $16.31 will take the parity higher towards key resistances at $16.63, $16.88 (20D, 30D and 55D EMA cross over), $16.95, $17.11, $17.46 (May 09, 2016 high) and $17.55 (May 11, 2016 high) levels respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms bullish trend. Current downside movement is short term trend correction only.
We prefer to take short position in XAG/USD above $16.32, stop loss $16.42 and target $16.15/ $16.07 marks.
