CHFTHB Eyes US PPISWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupCHFTHB is expected to maintain a steady-to-slightly-bullish bias in the short term. The softer-than-expected June US CPI and Core CPI prints dragged the DXY index down, reinforcing CHF strength against the greenback. With no major Swiss macroeconomic indicators scheduled today, the Franc remains highly dependent on global market sentiment and safe-haven demand. However, market participants are keeping a close watch on tonight’s US PPI and Core PPI data; a higher-than-expected release could trigger a US Dollar recovery and cap the near-term upside for CHFTHB. Additionally, a positive opening in the Thai stock market this morning presents a potential near-term downside risk. Technical Outlook: Bullish Bias. The technical outlook shifts to a bullish bias following a solid structural recovery from a Double Bottom pattern, further validated by a confirmed Change of Character (CHOCH) and a successful close back above the EMA line. This indicates that buyers have reclaimed market control. The RSI hovers around 64, maintaining positive momentum while approaching the Overbought threshold. The MACD remains above the signal line; although the histogram shows minor signs of deceleration, no clear bearish reversal signals are present. A sustained hold and breakout above the 41.42 level will open the upside to test the short-term targets at 41.44–41.46. On the downside, failure to breach 41.42 could invite profit-taking, dragging the price to retest the 41.34–41.31 support cluster, where a breach below 41.31 would signal weakening buying power and expose lower support at 41.28–41.24. Support : 41.34 – 41.31 Resistance : 41.42 Target : 41.44 – 41.46 Cut Loss : 41.30