The March Canadian Dollar tried to continue the sell-off which began two days ago and continued on Tuesday, but the break stalled after the market regained an uptrending Gann angle at .9643. This price was also near an old top from December 1 at .9608. At the midsession, this pair is testing the retracement zone of the last short-term break. Today’s high has also taken out Tuesday’s high. Gains may be limited by the threat of action by the Bank of Canada.
The March Swiss Franc is up and resting on a .618 level at .9873 after testing a 50% price at .9806. Upside momentum could drive this market higher and into a slow moving downtrending Gann angle at .9935. At the mid-session, the USD CHF is ping-ponging inside a retracement zone at .9873 to .9806.
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