The USD/CAD currency pair continued its downward trend on Thursday, falling to around 1.3820 after breaching the nine-day exponential moving average (EMA). This marks the second consecutive day of losses for the pair, signaling sustained bearish momentum.
According to FX Street, the pair slipped below the nine-day EMA and traded near 1.3850 before further declining to the current level during Asian hours. The break below this technical level suggests that sellers remain in control in the short term.
For Japanese investors, monitoring USD/CAD movements is increasingly relevant as shifts in the Canadian dollar can influence commodity-linked assets and risk sentiment in global FX markets affecting Japan’s export-driven economy.