The Australian dollar has held a fairly clear positive trend in the month of October through the past 7 years, but a cursory glance at a chart likewise shows that the AUDUSD has been in a strong uptrend through that same stretch. That is to say, we would argue that there is no clear seasonal trend in the AUDUSD in October; instead, whether it gains or loses is largely a function of the broader trend. Our technical report suggests that a break below 0.7799 could reinforce the AUDUSD’s recent downtrend.