The Canadian dollar strengthened against most major currencies in the Asian session on Tuesday.

The Canadian dollar rose to nearly a 6-week high of 1.4099 against the euro, from yesterday's closing value of 1.4117.

Against the U.S. and the Australian dollars, the loonie advanced to an 8-day high of 1.3314 and nearly a 2-month high of 0.9987 from yesterday's closing quotes of 1.3325 and 0.9997, respectively.

If the loonie extends its uptrend, it is likely to find resistance around 1.39 against the euro, 1.32 against the greenback and 0.97 against the loonie.

US Dollar vs CAD (FX:USDCAD)
Forex Chart
From Feb 2024 to Mar 2024 Click Here for more US Dollar vs CAD Charts.
US Dollar vs CAD (FX:USDCAD)
Forex Chart
From Mar 2023 to Mar 2024 Click Here for more US Dollar vs CAD Charts.