GBP/USD, AUD/USD: August Weakness Looms Based on Historical Trends

Forex Analysis by Matthew Weller covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Matthew Weller's latest article on Investing.com

August has historically been the weakest month for GBP/USD and AUD/USD .USD/CAD has tended to see bullish price action in August, but after a big run-up to close July, a near-term dip could be in the cards.

As always, these seasonal tendencies are just historical averages, and any individual month or year may vary from the historic average, so it’s important to complement these seasonal leans with alternative forms of analysis to create a long-term successful trading strategy. In other words,, with an average return of -0.08% across the month over the last 50+ years.

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