The Canadian dollar advanced further against most major currencies in early European trading on Tuesday.

The loonie advanced to 4-day highs of 78.88 against the yen and 1.2970 against the greenback, from its early lows of 77.72 and 1.3086, respectively.

The loonie that ended yesterday’s trading at 1.4410 against the euro advanced to 1.4357.

The next possible resistance for the loonie may found around 1.42 against the euro, 80.00 against the yen and 1.28 against the greenback.

The material has been provided by InstaForex Company – www.instaforex.com