The Canadian dollar recovered from its early losses against its major rivals in early European deals on Monday.

Reversing from an early low of 1.0070 against the aussie, the loonie rose to a 1-1/2-month high of 1.0025.

The loonie was trading higher at 83.09 against the yen, heading to pierce its early 5-day high of 83.16.

The loonie rose back to 1.4178 against the euro, not far from its early weekly high of 1.4174.

The loonie bounced off to 1.3395 against the greenback, from a low of 1.3426 hit at 10:30 pm ET.

The next possible resistance for the loonie may be found around 1.30 against the greenback, 86.00 against the yen, 1.40 against the euro and 0.99 against the aussie.

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