In the early trading hours we witnessed a correction at the level of the 20-day SMA, but the pair coundn’t near the support at $17.15. The intraday trend continued in stong bullish sentiment, confirmed by the MACD and the 20, 50 and 200 SMA, which are heading upwards.
XAG/USD closed at $17.707 an bulls are likely to test the key resistances located respectively at $17.84, $17.99 and $18.17. Strong support is located at $16.83 (200-day SMA).
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