The March-April interval is a winner for the Aussie
The Australian greenback has shrugged off danger aversion to this point right now and that is a well-known sample within the March-April interval.
March is the perfect month for AUD/USD and April is the third greatest month. Over the previous decade, the pair has averaged a 1.75% and 1.20% month-to-month acquire, respectively.
One warning is that the seasonal tailwind has failed in every of the previous two years, so some warning is warranted. That mentioned, there’s a strong risk-reward and danger administration case to be made with help on the Feb low of zero.7054.
seasonals extra broadly, I wrote about crude energy initially of February and that was a winner with oil costs rising greater than 6% within the month.
Different March patters:
Modest DXY weakness5 consecutive years of weak spot in BitcoinModest EUR strengthModest gold softness (am I too late on that one?)It is the perfect month for Japanese and US stocksBest month for NZDPoor month for the yen
The final theme is danger urge for food and that is not precisely what we have seen to this point but it surely’s solely March four.