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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 - Pushing Above The 1.2000 Psychological Threshold

USD/CAD moved significantly higher yesterday, breaking the psychological resistance at 1.2000. Hourly supports now lie at 1.2047 (16/01/2015 high) and 1.1935 (19/01/2015 low).

In the longer term, the technical structure looks like a rounding bottom whose maximum upside potential is given by the strong resistance at 1.3065 (09/03/2009 high). A key support stands at 1.1561 (17/12/2014 low). A key resistance stands at 1.2506 (21/04/2009 high).

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