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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 1.3253

USD/CAD is pushing higher. Yet, the pair is having some difficulties to increase above 1.3200. Key resistance lies at 1.3253 (27/07/2016 high). Support can be found at 1.2823 (07/09/2016 low). Expected to further increase.

In the longer term, the pair is still trading below its 200-day moving average. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low). The pair is likely in a consolidation phase within a new long-term decline.

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