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

The Canadian dollar rose to more than a 1-month high of 85.51 against the yen and a 4-day high of 1.3017 against the U.S. dollar, from yesterday's closing quotes of 85.13 and 1.3046, respectively.

Against the euro, the loonie edged up to 1.4502 from yesterday's closing value of 1.4529.

If the loonie extends its uptrend, it is likely to find resistance around 88.00 against the yen, 1.28 against the greenback and 1.42 against the euro.

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