The Canadian dollar shows a comparatively unclear forex seasonality trend, but we do nonetheless note that the USDCAD has actually fallen in 5 of the last 9 months of September. Last month we claimed that a clear forex trend for the month of August would be enough to force a noteworthy pullback. That USDCAD decline never materialized, but we believe that forex futures extremes and bearish USDCAD technical forecasts will be enough to produce a sustained near-term pullback.
Forex Seasonality in the Canadian Dollar
