The Canadian dollar gained ground against its most major counterparts in pre-European deals on Wednesday.

The loonie recovered to 1.3230 against the greenback, from an early low of 1.3239.

The loonie gained to 1.4666 against the euro, off an early session's low of 1.4685.

Against the yen, the loonie bounced off to 82.21, not far from a 6-day peak of 82.26 hit at 6:15 pm ET.

The loonie is likely to test resistance around 1.30 against the greenback, 1.44 against the euro and 83.5 against the yen.

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