- XAG/USD is currently trading around $16.27 marks.
- It made intraday high at $16.29 and low at $16.22 levels.
- Intraday bias remains bearish till the time pair holds key resistance at $16.32 mark.
- A daily close above $16.24 will test key resistances at $16.32, $16.48, $16.60, $16.72, $16.85, $16.96, $17.23 and $17.33 marks respectively.
- On the other side, a daily close below $16.24 will take the parity down towards key supports at $16.16, $16.10, $16.02, $15.84 and $15.68 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 only below $16.22, stop loss $16.32 and target of $16.02/$15.84.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: GBP/NZD downside pressure builds, key support level in focus
NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD turns lower as USD regains footing
FxWirePro: AUD/USD firms after upbeat consumer spending data
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro: AUD/USD grinds higher amid risk appetite revival
EUR/USD Retraces After 1.1555 Peak: Technical Levels Point to 1.1600 



