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

The Canadian dollar rose to a 3-day high of 1.4259 against the euro and a 2-day high of 1.3396 against the U.S. dollar, from yesterday's closing quotes of 1.4272 and 1.3413, respectively.

Against the yen, the loonie advanced to 82.57 from an early low of 82.09.

Against the Australian dollar, the loonie climbed to a 1-1/2-month high of 1.0076 from yesterday's closing value of 1.0114.

If the loonie extends its uptrend, it is likely to find resistance around 1.40 against the euro, 1.32 against the greenback, 84.00 against the yen and 0.99 against the aussie.

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