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

The Canadian dollar rose to 1.4512 against the U.S. dollar and 80.80 against the yen, from an early near 13-year low of 1.4605 and more than a 3-year low of 79.85, respectively.

Against the euro, the loonie edged up to 1.5808 from an early low of 1.5951.

If the loonie extends its uptrend, it is likely to find resistance around 1.42 against the greenback, 85.00 against the yen and 1.54 against the euro.

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