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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 - Monitoring Resistance At 1.3144

USD/CAD is well above 1.3000. Resistance can be found at 1.3144 (02/06/2016 high). A break of support at 1.2832 is need to confirm deeper selling pressures. Expected to strengthen.

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). The pair may have entered a new long-term decline.

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