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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/CHF - Watch Declining Downtrend

USD/CHF continues to struggle to decisively break the declining channel resistance at 0.9880. However, as long as the support at 0.9808 (27/10/2015 low) holds, a break to the upside is favored. Additional hourly support is given at 0.9476 (15/10/2015 low).

In the long-term, the pair has broken resistance at 0.9448 suggesting the end of the downtrend. This reinstates the bullish trend. Key support can be found 0.8986 (30/01/2015 low).

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