CHFTHB Tracks Safe-Haven FlowsSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupYesterday Recap — 26/8/26 CHFTHB closed at 40.73 in the Thai market yesterday. The ZEW Expectations index came in at 12.1, up from 10.0 previously, reflecting improved expectations for the Swiss economic outlook and providing short-term support for the CHF. Fundamental Analysis — 27/8/26 Key Event Tonight | Forecast | Previous CHFTHB: 13:30 — Employment Level (Q2) | — | 5.537M Today, the market will focus on Employment Level (Q2), which provides insight into the condition of the Swiss labor market. A stronger-than-expected reading could support the CHF, while a weaker figure could limit CHF appreciation. However, the key drivers remain the USD, US Treasury yields, and safe-haven flows. If US economic data comes in weaker than expected and markets increase expectations for Fed easing, this could pressure the USD and increase demand for the CHF. Conversely, a hawkish signal from Jackson Hole combined with higher US Treasury yields could support the USD and reduce demand for the CHF. A broader Risk-On environment could also weigh on safe-haven assets. Meanwhile, the Thai stock market opened higher, led by DELTA, following positive sentiment surrounding NVIDIA's earnings. This could support the Thai baht and limit the upside potential of CHFTHB. Overall, CHFTHB is expected to trade within a range, with the main focus on Employment Level, Jackson Hole, the USD, US Treasury yields, and safe-haven flows. Technical Analysis Bias: Sideways CHFTHB remains within the 40.70–40.82 range, with no clear breakout signal. The pair is therefore expected to remain sideways, with a break above 40.82 needed to confirm further upside or a break below 40.70 to confirm further downside. Resistance: 40.82 Key resistance of the current range. A break above 40.82 could open the way for further upside. Support: 40.70 Key support level. As long as the price holds above 40.70, the sideways structure remains intact. Target: 40.82 Cut Loss: 40.70 A break below 40.70 would invalidate the current sideways range and could lead to further downside.