- XAG/USD is currently trading around $16.53 marks.
- It made intraday high at $16.55 and low at $16.46 levels.
- Intraday bias remains bullish for the moment.
- A daily close above $16.49 will test key resistances at $16.56, $16.72, $16.85, $16.96, $17.23 and $17.33 marks respectively.
- On the other side, a daily close below $16.49 will take the parity down towards key supports at $16.28, $16.16, $16.10, $16.02 and $15.84 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 long position on XAG/USD only above $16.56, stop loss $16.40 and target of $16.96.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD slips as dollar rebounds from six-week low
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
FxWirePro: USD/CNY edges higher, outlook bearish
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro- Major Crypto levels and bias summary 



