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- XAG/USD is currently trading around $17.23 marks.
- It made intraday high at $17.27 and low at $17.15 levels.
- Intraday bias remains bullish till the time pair holds initial support at $17.02 marks.
- A sustained close above $17.32 tests key resistances at $17.45, $17.62, $17.84 and $17.99 marks respectively.
- On the other side, a daily close below $17.11 will take the parity down towards key supports at $17.02, 16.95 and $16.88 marks respectively.
- Important to note here that in a daily chart, 20D, 30D and 55D EMA heads up and confirms the bullish trend.
- Today Brexit vote will be the main event for the day. Markets expect high volatility during the day.
We prefer to take long position in XAG/USD only above $17.32, stop loss at $17.02 and target $17.56/ $17.84 marks.
