- XAG/USD is currently trading around $16.82 marks.
- It made intraday high at $16.84 and low at $16.80 levels.
- Intraday bias remains slightly neutral till the time pair holds key resistance at $16.87 mark.
- A daily close above $16.83 will test key resistances at $16.87, $16.92, $16.98, $17.10, $17.22, $17.40 and $17.52 marks respectively.
- On the other side, a daily close below $16.83 will take the parity down towards key supports at $16.70, $16.55, $16.48, $16.36, $16.28, $16.15 and $16.02 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 take short position in XAG/USD only below $16.80, stop loss $16.92 and target of $16.55 mark.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/CNY edges lower, scope for further downside
Gold Hits 6-Week High: Buy Dips at $4220 as Bullish Momentum Eyes $4400 Breakout
EURUSD Bulls Charge Higher: Buy Dips at 1.1528 as EMA Alignment Eyes Break Above 1.1560
FxWirePro: GBP/USD supported by UK services recovery and dollar weakness
FxWirePro- Major Crypto levels and bias summary
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: USD/ZAR extends decline, scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD edges lower, bearish outlook persists
Currency Score Alert: GBPUSD, AUDUSD & NZDUSD Top the Charts at 85 – Major Levels to Watch for Bullish Breakouts 



