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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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