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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 - Direction-Less

USD/CHF is trading without strong momentum. Hourly resistance can be found at 0.9797 (22/04/2016 high) while a break of hourly support is located at 0.9652 (06/05/2016 low) would confirm deeper selling pressures. Indeed the medium-term momentum is bearish. Expected to show further consolidation.

In the long-term, the pair is setting highs since mid-2015. Key support can be found 0.8986 (30/01/2015 low). The technical structure favours a long term bullish bias.

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