The Canadian dollar is the best performing major currency at the moment
The loonie catches a bid ahead of the US trading session as USD/CAD breaks yesterday's low of 1.2836 to touch a session low of 1.2820 on the day.
The pair now closes in on the resistance-turned-support level @ 1.2820 from the 7 November high - a level which helped to stall declines in the past. Further bids are seen at the figure level at 1.2800 but beyond that the next key support will be the daily lows of 1.2740-50, followed by the 100-day MA @ 1.2729.
The loonie remains underpinned following yesterday's Bank of Canada statement that hinted at a July rate hike. Adam had more on that here.