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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 - Ready To Break Way Below 1.3000

USD/CAD is trading lower. The pair is still trading around former key support at 1.3000 (22/09/2016 low). Hourly resistance is given at 1.3169 (20/01/2017 high). The technical structure suggests a growing very short-term momentum towards support at 1.2823 (07/09/2016 low).

In the longer term, there is a golden cross with the 50 dma crossing the 200 dma indicating further upside pressures. Strong resistance is given at 1.4690 (22/01/2016 high). Long-term support can be found at 1.2461 (16/03/2015 low).

Daily Technical Report

 

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