The Canadian dollar traded higher against most major opponents in pre-European trading on Friday.

The loonie edged up to 1.3715 against the greenback, 1.5346 against the euro and 85.19 against the yen, reversing from its early lows of 1.3761, 1.5422 and 84.85, respectively. The loonie may likely challenge resistance around 1.36 against the greenback, 1.52 against the euro and 86.00 against the yen.

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