November is a promising month for USD/CAD trades
Not much went right for USD/CAD in October as the pair jumped to 1.34 from 1.31 after the Bank of Canada took a surprisingly dovish turn.
Technically, the pair has risen to the highest since March with little resistance above and the seasonally, November is the second-best month on the calendar (USD/CAD positive).
Over the past 30 years, the pair has averaged a gain of nearly 0.6% in November, including gains in eight of the past 10 years.
Like all the seasonal trades, they depend on the outcome of economic news and the US election but USD/CAD gains may be an especially good trade if Trump can pull off the upset.
