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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 - Medium-Term Reversal

USD/CAD has entered a new medium term bullish momentum. Hourly support is given at 1.2772 (12/05/2016 low) while hourly resistance at 1.3015 (18/04/2016 high) has been broken. Expected to show continued strengthening.

In the longer term, the pair is now trading well below the 200-day moving average. Strong resistance is given at 1.4948 (21/03/2003 high). Stronger support can be found at 1.1731 (06/01/2015 low).

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