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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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AUD/USD - Setting Lower Highs

AUD/USD is trading mixed. Yet the pair seems to weaken. Hourly support is located at 0.7286 (16/06/2016 low). Stronger daily support is given at 0.7110 (29/10/2016 low). Expected to further decline.

In the long-term, we are waiting for further signs that the current downtrend is ending. Key supports stand at 0.6009 (31/10/2008 low) . A break of the key resistance at 0.8295 (15/01/2015 high) is needed to invalidate our long-term bearish view.

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