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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 - Bearish Consolidation

USD/CAD is heading slightly downwards but the pair remains in an upside momentum. Resistance can be found at 1.3318 (06/11/2015 high). Significant supports stand at 1.2949 (Fibo 38% retracement level). Expected to increase.

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 1.2832 (15/10/2015 low) then 1.1731 (06/01/2015 low).

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