A look at forex seasonals for June
The first thing that jumps about in my June seasonal charts is the Australian dollar. It was the laggard in May and that follows the seasonal pattern (May is the weakest month for AUD).
To start June AUD/USD is already down 50 pips but the month ahead is generally a strong one for AUD. Over the past 10 years, AUD/USD has averaged a gain of 0.92% in June. It's also gained in 8 of the past 10 years.
