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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 - The Bullish Trend Continues

USD/CAD is still increasing. The pair is at its highest level in 11 years. Strong resistance lies at 1.4002 (21/05/2004 high). Hourly support is given at 1.2540 (02/07/2015 low). Stronger support can be found at 1.2363 (30/06/2015 low). We remain bullish on the pair as long as the pair is following the short-term trend-line.

In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) indicates increasing buying pressures, which favours further medium-term strengthening. Support can be found at 1.1731 (06/01/2015 low).

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