CHFTHB Eyes Global RisksSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupMarket Analysis: CHFTHB is positioned to trade flat with a slight upward bias. While Switzerland’s economic calendar is empty today, the Swiss Franc gains backing from its traditional safe-haven status. Should investors adopt a cautious approach ahead of critical upcoming US economic reports or amid shifting central bank policy expectations, CHF could see an influx of short-term safe-haven flows. Technical Outlook: The underlying trend for CHFTHB points to a “Sideway Up” environment following a recent Change of Character (ChoCH) to the upside. However, near-term price action has faced a wave of selling pressure that forced a drop below the Fibonacci 0.618 level at 41.17. The pair is now trading precariously close to the 41.12 support line. If it manages to defend this level and evoke a bullish bounce, it could stage a recovery rally back to the 41.21–41.25 resistance band. Clearing this barrier would put the cyclical high of 41.38 back in focus. Trading Risks: While the primary market structure remains intact, slipping beneath the Fibonacci 0.618 level underscores an apparent loss of buying momentum. An explicit break below 41.12 would exacerbate downside risks, opening the floodgates for a correction toward the 41.04 support region. Furthermore, a positive open in the Thai stock market this morning could create an additional headwind for CHFTHB. Support Level : 41.12 Target : 41.21 – 41.25 Stop Loss : 41.09