CHFTHB Eyes Swiss GDPSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupYesterday Recap Yesterday, CHFTHB closed at 40.79 at the Thai market close. Meanwhile, Switzerland’s Producer and Import Price Index (PPI) for July came in at -0.1% MoM, better than expectations of -0.2%, while the YoY figure remained at 2.1%, in line with expectations. This reflects relatively low price pressures, while the CHF continues to move mainly in response to the USD and global market sentiment. Fundamental – August 14, 2026 CHFTHB is expected to trade within a range with a slight bullish bias in the short term. The market is focusing on Switzerland’s Q2 GDP, scheduled for release at 14:00 ICT, which will be an important factor for the CHF’s direction. If the data comes in stronger than expected, it could support the CHF and align with the current technical bullish momentum. Conversely, weaker-than-expected data could limit the upside potential of CHFTHB. However, the VIX is at 14.63, reflecting a Risk-On environment and relatively low levels of market anxiety. As a result, demand for the CHF as a Safe Haven may remain limited. Therefore, CHFTHB is likely to continue trading within a range, with Swiss GDP and global Risk Sentiment being key factors to monitor. Technical CHFTHB is expected to trade within a range with a slight bullish bias in the short term, as the price has formed higher lows and remains above the upward trendline. The price is currently testing Resistance at 40.80–40.81. If the price breaks above and sustains this zone, it could continue higher toward the OB zone at 40.84–40.86. Conversely, if the price fails to break through the resistance, profit-taking pressure could lead to a pullback toward Support at 40.75–40.72. As long as the price holds above these support levels, the short-term bullish structure remains intact. However, a break below 40.72 could indicate weakening bullish momentum. Bias: Sideways to Slightly Bullish Resistance: 40.80–40.81 Support: 40.75 / 40.72 Target: 40.84–40.86 Cut Loss: 40.71