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

The Canadian dollar rose to 2-day highs of 95.94 against the yen and 1.4434 against the euro, from yesterday's closing quotes of 95.69 and 1.4476, respectively.

Against the U.S. dollar, the loonie edged up to 1.2955 from yesterday's closing value of 1.2975.

If the loonie extends its uptrend, it is likely to find resistance around 97.50 against the yen, 1.41 against the euro and 1.28 against the greenback.

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