By Justin Mcqueen — Nov 04 - 06:50 AM
Friday's Swiss CPI print (0.6%) should act as a constraint on CHF upside
Inflation is undershooting the SNB's Q4 CPI forecast of 1%
Meanwhile, officials have continued to flag concerns over CHF strength
With EZ data stabilising - Citi EZ Surprise Index at a 5-month high
EUR/CHF risks are leaning to the topside. Rate spreads also support
U.S. election is a risk, but downside is likely truncated by SNB
Resistance: 0.9508 (Sep high), 0.9565-80 (200DMA)
Support: 0.9300, 0.9200
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary