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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 Increase

AUD/USD's demand is increasing despite some consolidation. The pair is on a very shortterm bullish momentum since it reached support around 0.7145 (24/05/2016 low). Strong resistance can be found at 0.7835 (21/04/2016 high). Expected to see further upside moves.

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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