The Canadian dollar strengthened against the other major currencies in the Asian session on Thursday.
The Canadian dollar rose to a 6-day high of 0.9759 against the Australian dollar, from yesterday’s closing value of 0.9815.
Against the U.S. dollar, the yen and the euro, the loonie edged up to 1.2479, 95.56 and 1.3700 from yesterday’s closing quotes of 1.2517, 95.42 and 1.3730, respectively.
If the loonie extends its uptrend, it is likely to find resistance around 0.96 against the aussie, 1.23 against the greenback, 96.90 against the yen and 1.33 against the euro.
The material has been provided by InstaForex Company – www.instaforex.com