FxWirePro: XAG/USD hovers around key resistance at $17.22 mark, U.S. ADP job data in focus

• XAG/USD is currently trading around $17.18 marks.
   
• It made intraday high at $17.21 and low at $17.07 levels.
   
• Intraday bias remains bullish till the time pair holds key support at $17.02 mark.
   
• A daily close above $17.12 will test key resistances at $17.22, $17.35, $17.52, $17.67, $17.76, $17.90 and $18.19 marks respectively.
   
• On the other side, a daily close below $17.12 will take the parity down towards key supports at $17.02, $16.92 and $16.72 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to take long position in XAG/USD only above $17.22, stop loss $17.02 and target of $17.52 mark.

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