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USD/CAD Price Forecast: Descending 20-day EMA supports more downside

The USD/CAD pair trades with caution near Thursday’s low at around 1.3580 during the late Asian trading session on Friday. The Loonie pair trades weakly as the US Dollar (USD) is broadly under pressure, following Japanese intervention in the forex markets.

Asian shares gain with most markets closed for Labor Day

Asian stocks advance in holiday-thinned trading on Friday, following record closes on Wall Street the previous day. However, traders remain cautious amid ongoing US–Iran tensions. Trading activity stayed muted, with key markets in China, Hong Kong, and Singapore shut for the Labor Day holiday.

亚洲股市上涨,多数市场因劳动节休市

周五,亚洲股市在假期交易清淡的情况下上涨,继前一日华尔街创纪录收盘之后。然而,鉴于美伊紧张局势持续,交易者仍保持谨慎。由于中国、香港和新加坡等主要市场因劳动节假期休市,交易活动保持低迷。

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