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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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AUD/USD - Challenging its Recent Lows

AUD/USD is close to the support area between 0.7591 (18/03/2015 low) and 0.7561 (11/03/2015 low). Hourly resistances for a bounce are given by 0.7665 and the declining trendline (around 0.7767).

In the long-term, there is no sign to suggest the end of the current downtrend. Key supports stand at 0.7451 (18/05/2009 low) and 0.7000 (psychological threshold). A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

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