CHFTHB Eyes Retail SalesSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupFundamental Analysis CHFTHB is expected to trade sideways with a slight bullish bias in the short term. Markets are closely watching Switzerland's Retail Sales data for further clues on the strength of domestic consumption. Meanwhile, the Swiss franc (CHF) continues to be supported by safe-haven demand and movements in the U.S. dollar following the Federal Reserve's decision to keep interest rates unchanged as expected. Investors are also monitoring upcoming U.S. economic data for additional signals regarding the Fed's future monetary policy path. If Switzerland's Retail Sales figures come in stronger than expected or market risk sentiment deteriorates, the Swiss franc could receive additional support, increasing the likelihood of further gains in CHFTHB. However, if U.S. economic data surprises to the upside and strengthens the U.S. dollar, it could limit CHFTHB's upside or keep the pair trading within a narrow range. Technical Analysis The overall CHFTHB trend remains bullish after the pair rebounded from a key support zone, broke above its descending trendline, and continued forming Higher Lows and Higher Highs, indicating that buyers remain in control in the short term. The price is currently trading above its short-term moving averages and is testing the key resistance around 41.50. A successful breakout above this level could open the way toward 41.56–41.60, the target area under the bullish scenario. Risk Factors Although the overall trend remains bullish, the RSI is in overbought territory, suggesting that profit-taking could emerge. If the pair fails to break above 41.50, it may pull back toward the support zone around 41.40. A break below this level could lead to further downside toward 41.38, the bearish scenario target. In addition, Thailand's SET Index opened higher following gains in U.S. equity markets, while the VIX Index declined, reflecting an improving risk-on sentiment. This environment could support the Thai baht and put short-term downward pressure on CHFTHB. Target Price 41.56 – 41.60 Support 41.40, 41.38 Cut Loss 41.37