The Canadian dollar continued to be higher against most major rivals in European deals on Friday.

The loonie rallied to an 11-day high of 83.62 against the yen and a 2-week high of 1.5288 against the euro, from its early lows of 82.49 and 1.5510, respectively.

The loonie reversed from its prior low of 0.9981 against the aussie, edging higher to 0.9938.

The next possible resistance for the loonie may be found around 85.00 against the yen, 1.52 against the euro and 0.98 against the aussie.

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