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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 - Bullish Breakout of The Resistance at 1.2200

USD/CAD has moved above 1.2200 and holds above this level where there is buying interest. Hourly resistance can be found at at 1.2306 (21/04/2015 high). Support can be found at 1.1920 (15/05/2015 low).

In the longer term, the break of the key support at 1.2352 (03/02/2015 low) indicates increasing selling pressures, which favours further medium-term weakness. As a result, a significant top has likely been made at 1.2835 (18/03/2015 high). Support can be found at 1.1731 (06/01/2015 low).

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