The Canadian dollar continued to trade in a positive territory against its key counterparts in European deals on Wednesday.

The loonie advanced to a 1-week high of 95.57 against the yen, 5-day highs of 1.4107 against the euro and 1.2426 against the greenback, compared to Tuesday's closing values of 95.25, 1.4158 and 1.2484, respectively.

The loonie bounced off to 0.9792 against the aussie, from an early low of 0.9837.

The loonie is likely to find resistance around 1.23 against the greenback, 96.5 against the yen, 1.40 against the euro and 0.97 against the aussie.

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