CAD Weakens Slightly, But Slippage Appears to Stabilize Above 1.3700

CAD Weakens Slightly, But Slippage Appears to Stabilize Above 1.3700

Published: June 19, 2025 | 🖋️ Tredu FX Desk

Canadian Dollar Dips Amid Risk-Off Flows

The Canadian Dollar (CAD) is under modest pressure on Thursday, reflecting broad US Dollar strength and ongoing global risk aversion. The USD/CAD pair is trading comfortably above 1.3700, where selling interest appears to be softening.

Geopolitical Uncertainty Limits Oil Support

Despite higher crude oil prices, which typically support the CAD, the impact has been muted. Heightened fears over a potential US strike on Iran have led to safe-haven flows into the USD, overshadowing CAD’s oil-related tailwinds.

Technical Outlook: Sideways Bias Developing

• Key resistance: 1.3730
• Key support: 1.3680
• Bias: Neutral to slightly bullish in short term above 1.3700

The market could remain range-bound near-term unless geopolitical clarity or a shift in Fed expectations occurs.

Read More on Tredu:

• USD/CAD Real-Time Chart
• Oil Prices and CAD Relationship Explained
• Risk-Off Market Themes