The Canadian dollar strengthened against most major currencies in the Asian session on Wednesday.
The Canadian dollar rose to 5-day highs of 1.2458 against the U.S. dollar and 1.4132 against the euro, from yesterday’s closing quotes of 1.2484 and 1.4158, respectively.
Against the yen, the loonie advanced to a 5-day high of 95.29.
If the loonie extends its uptrend, it is likely to find resistance around 1.20 against the greenback, 1.37 against the euro and 97.20 against the yen.
The material has been provided by InstaForex Company – www.instaforex.com