CHF Tracks Risk SentimentSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupMarket Analysis: CHFTHB is expected to trade range-bound with a slight bearish bias. While a higher VIX Index (18.70) reflects a Risk-Off market sentiment that typically supports safe-haven demand for CHF, the pair remains constrained below its downtrend line. With no major economic releases out of Switzerland today, price action will largely hinge on safe-haven flows and broader U.S. Dollar trends, where strong U.S. PMI data could further cap CHFTHB gains. Meanwhile, a weaker SET Index (-16.82 points) may soften the Baht and provide underlying support to the pair. Technical Outlook: The overall chart displays a Sideway Down pattern, trading below the Down Trend Line with bears maintaining advantage despite base-building around 41.36 support. A decisive breakout above the trendline could trigger a rebound toward 41.46–41.49. However, momentum remains muted with RSI below 50 and no MACD Golden Cross present; a breakdown under 41.36 support risks exposing 41.32. Support Level : 41.36 – 41.32 Target : 41.46 – 41.49 Stop Loss : 41.31