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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 - Breaking The Upside Trend-Line

USD/CAD is still trading in range. Hourly support is given at 1.3117 (31/08/2015 low). Stronger support can be found at 1.2862 (29/07/2015 low). Resistance lies at 1.3354 (25/08/2015 high). For the time being, we remain bullish on the pair as long as support at 1.3117 stands. Nonetheless the upside trend-line is on target.

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

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