CHF Supported by Safe-Haven Demand

Wait 5 sec.

CHF Supported by Safe-Haven DemandSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupMarket Analysis: The CHF continues to find underlying support from its safe-haven status amid global economic uncertainties. Today at 14:00, the market will monitor the SECO Consumer Climate index, which is expected to improve slightly from -40 to -38; a better-than-expected figure could provide an additional lift to the Swiss Franc. However, the overarching strength of the USD might divert some safe-haven flows, likely keeping CHFTHB inside a tight trading range. Technical Outlook: On the 4-hour timeframe (4H), the broader trend is pointing sideway down. Looking at the short-term 1-hour chart (1H), the downward momentum has stalled after testing the 41.14 level, prompting a minor bounce that successfully held above the recent low. The MACD has turned upwards and the histogram is shrinking, indicating fading bearish pressure and room for a technical rebound toward the first resistance at 41.27. If cleared, the next target sits around the 41.32 zone. Support Level : 41.14 Target : 41.27 – 41.32 Stop Loss : 41.13