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MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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USD/CAD - Making New Highs

USD/CAD continues to move in a succession of higher highs and higher lows, confirming an underlying bullish trend. Hourly supports now stand at 1.1449 (11/12/2014 low) and 1.1398 (09/12/2014 low).

In the longer term, the technical structure looks like a rounding bottom whose minimum upside potential is given by the strong resistance at 1.1725 (08/07/2009 high). However, this expected rise is likely to be very gradual. Key supports stand at 1.1192 (21/11/2014 low) and 1.1072 (02/10/2014 low). Another resistance is given by the psychological threshold at 1.20000.

Daily Technical Report

 

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