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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 - Wide-Open For Further Weakness

AUD/USD has fully erased hourly support given at 0.7311 (21/07/2016 low). Stronger support can be found at 0.7145 (24/05/2016 low). Expected to continue heading lower as buying pressures seem non-existent at the moment.

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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