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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 - Bullish

AUD/USD continues to ride higher within short-term bullish momentum. We favour further strength as long as the hourly support at 0.7421 (27/07/2016 low) holds. Resistance at 0.7638 (02/08/2016 high) has been broken and this paves the way for another leg higher.

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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