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Forex Seasonality in the Canadian Dollar
Wednesday, 03 September 2008 16:16:08 GMT  |  David Rodriguez, Quantitative Analyst
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The Canadian dollar shows a comparatively unclear forex seasonality trend, but we do nonetheless note that the USDCAD has actually fallen in 5 of the last 9 months of September. Last month we claimed that a clear forex trend for the month of August would be enough to force a noteworthy pullback. That USDCAD decline never materialized, but we believe that forex futures extremes and bearish USDCAD technical forecasts will be enough to produce a sustained near-term pullback.

Forex Seasonality in the Canadian Dollar

 

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