The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday.

The loonie rebounded to 1.3717 against the greenback, from an early 1-week low of 1.3762.

The loonie rose to 0.9018 against the aussie and 1.4745 against the euro, from an early low of 0.9059 and more than a 6-month low of 1.4787.

The loonie touched 113.42 against the yen, setting a 6-day high.

The loonie is poised to challenge resistance around 1.34 against the greenback, 0.885 against the aussie, 1.44 against the euro and 116.00 against the yen.

Grafico Cross US Dollar vs CAD (FX:USDCAD)

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Grafico Cross US Dollar vs CAD (FX:USDCAD)

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