CHFTHB Remains Well Supported

Wait 5 sec.

CHFTHB Remains Well SupportedSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupMarket Analysis: For CHFTHB today, eyes are on Switzerland’s Q1 GDP release at 14:00, which is expected to expand by 0.5% compared to the previous quarter’s 0.1%, reflecting a recovery in the Swiss economy. A higher-than-expected print could provide further suppMarket Analysis: The Swiss Franc finds support from healthy domestic fundamentals. Following yesterday’s robust Q1 GDP growth of 0.7% QoQ (beating the 0.5% estimate) and a strong Retail Sales print of 1.6% YoY, today’s focus shifts to the Swiss Trade Balance at 11:00. The broader economic outperformance continues to underwrite CHF strength in the near term, meaning CHFTHB remains well-positioned to fluctuate within a high range if global sentiment pivots back toward safe-haven assets. Technical Outlook: The 4H chart underscores a predominant sideways configuration, despite the asset locked in a short-term downtrend. Encouragingly, the MACD shows initial signs of a bullish convergence as selling pressure begins to wane. Provided the afternoon market sentiment softens, there is a technical window for CHFTHB to make an upside push back toward the 41.46 – 41.48 resistance zone. Support Level : 41.38 – 41.37 Target : 41.46 – 41.48 Stop Loss : 41.36