November seasonals weak point in AUD
I am a bit late to the social gathering this month however I will take a look at November seasonals up shortly. One factor to notice is that it is a powerful month for the Australian greenback. AUD/USD is down in eight of the previous 11 years and the typical decline over the previous decade is 1.four% — the third worst month on the calendar.
As for October seasonals, I assumed they could have been bitter due to the wild swings in markets however they had been bang on for the foreign exchange market. Here is what I wrote in the beginning of October.