AUD/USD seasonals for February 2018
I only wrote about one seasonal trade in January but it was a winner. Gold continued its tradition of making gains to start the year with a 3% rise. It had been as much as 5% but ebbed late in the month.
Over the past 10 years, February has been the best month for the Australian dollar. What's equally impressive is the consistency with AUD/USD climbing in 14 of the past 16 Februarys.
The good news for the bulls is that AUD/USD is on sale to start the month, down 38 pips a few hours into February trading.
The bad news is that February comes after a stellar six-week run to 0.80 from 0.75 starting in mid-December.
For those buying now, the seasonal run continues through March and April but May has been rough for many years.
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