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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 - Bouncing on The Rising Trendline

AUD/USD is bouncing on the rising trendline at 0.7957 (intraday low). Hourly resistance can be found at 0.8164 (14/05/2015 high) and hourly support can be found at 0.7876 (11/05/2015 low).

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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