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

The Canadian dollar fell to 1.2529 against the U.S. dollar, from an early 4-day high of 1.2502.

Against the yen and the euro, the loonie dropped to 84.53 and 1.4452 from early highs of 84.97 and 1.4421, respectively.

If the loonie extends its downtrend, it is likely to find support around 1.27 against the greenback, 82.00 against the yen and 1.46 against the euro.

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