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Forex Seasonality in the Australian Dollar
Wednesday, 01 October 2008 15:37:44 GMT  |  David Rodriguez, Quantitative Analyst
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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.

10-01-08-SSI2 

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