October forex seasonals: It's spring down under

Technical Analysis

Author: Adam Button | forex-seasonals

October is a strong month for AUD/USD

The Australian dollar sagged in September but the seasonal patterns point to a chance of a rebound in October.

Since 2000, October is the second-best month on the calendar for AUD/USD, averaging a 0.84% gain.

In those 17 years, there have been five years of declines and 12 gains. In the past decade, it's only the fifth best month but the results are heavily skewed by a nearly 16% drop in 2008 at the height of the financial crisis.

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