The Canadian dollar retreated from early highs against most major currencies in the Asian session on Wednesday.

The Canadian dollar fell to 1.3195 against the U.S. dollar and 79.75 against the yen, from 2-day highs of 1.3159 and 80.77, respectively.

Against the euro, the loonie edged down to 1.4506 from an early 2-day high of 1.4459.

If the loonie extends its downtrend, it is likely to find support around 1.33 against the greenback, 76.00 against the yen and 1.46 against the euro.

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