Forex Seasonality Studies: New Zealand Dollar Rallies in October

Forex trading market seasonality is an effect widely studied as a primary mover of major currency pairs, as long-term studies suggest that certain seasonal patterns may be able to predict forex price moves. The month of October has not historically produced any especially clear price trends in major currency pairs, but we do notice a noteworthy trend in the New Zealand Dollar. Namely, the NZDUSD has rallied in 7 of the past 9 months of October. Read below for further information on the New Zealand Dollar and forex seasonality studies in other major currency pairs.

Written by David Rodríguez, Quantitative Analyst for DailyFX.com

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