- XAG/USD is currently trading around $16.56 marks.
- It made intraday high at $16.64 and low at $16.52 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.87 mark.
- A daily close above $16.62 will test key resistances at $16.87, $17.04, $17.23, $17.40, $17.49, $16.67, $17.82, $17.95, $18.12, $18.24, $18.39, $18.52 and $18.63 marks respectively.
- On the other side, a daily close below $16.62 will take the parity down towards key supports at $16.52, $16.40, $16.21 and $16.10 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in XAG/USD around $16.60, stop loss $16.74 and target of $16.40/$16.32.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: GBP/AUD eases slightly, focus on near-term support
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
FxWirePro: NZD/USD softens despite firm expectations for RBNZ tightening
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Hold the Line: Sell Rallies at 111.40 as Negative Bias Targets Sharp Drop to 108
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: NZD/USD retreats as Middle East instability weighs
FxWirePro: AUD/USD eases slightly as markets await U.S. Payrolls report
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- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher as traders eye U.S. Jobs data and Geopolitical developments
FxWirePro- Major Pair levels and bias summary
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge 



