CADCHF Chart Technical Outlook to continue lower if the Canadian CPI misses expectations
CAD/CHF broad bias is bearish, as the SNB can be more hawkish than the BoC.
Technical indicators and retail sentiment support the bearish direction.
The Canadian Inflation data is expected today to rise from 2.8% to 3%, but the Core version to decline from 3.2% to 2.8%. Mixed output could trigger volatility, but rallies should attract sellers to resume the broad bias.
Resistances: 0.6550, 0.6600
Supports: 0.6480, 0.6440