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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/CHF - Rising Towards The Resistance at 0.9812

USD/CHF continues to bounce as can be seen by the break of the hourly resistance at 0.9695. However, a break of the resistance at 0.9812 (see also the 50% retracement) is needed to signal a significant improvement in the short-term buying interest. An hourly support lies at 0.9558 (27/03/2015 low), while a key support stands at 0.9450 (see also the 38.2% retracement). Another resistance can be found at 0.9984.

In the longer-term, the bullish momentum in USD/CHF has resumed after the decline linked to the removal of the EUR/CHF floor. A test of the strong resistance at 1.0240 is likely. A key support can be found at 0.9374 (20/02/2015

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