March seasonals provided a good clue for what might happen in the month.
For starters, March is the second-strongest month for USD/JPY and that was tailwind as the pair rose to the 152.00 level after an early-month dip on BOJ tightening reports.
In March I wrote:
The real trade may be setting up for April strength, which could coincide with stronger signs of central bank easing.
What are those April trends?
Best month of the year for cableApril is the strongest month for the S&P 500 and Nasdaq CompAlso the strongest month for the MSCI World IndexBest month of the year for the DAXFor oil. the April-June period is the strongest of the yearCopper seasonals remain strong through AprilIt’s the strongest month (by far) for AUD/USD and AUD/JPYSecond best month of the year for EUR/USDSecond best month for the Shanghai CompDrilling down further, the period of April 5-18 has historically been strongest
Some help for AUD/USD from support nearby and seasonals?
This article was written by Adam Button at www.forexlive.com.