CHFTHB Safe-Haven Demand Supports CHFSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_Group Market Analysis: Switzerland is observing the Ascension Day holiday, leading to lower liquidity. CHFTHB is currently driven by risk sentiment. Poor Chinese loan data at 16:00 could trigger “Risk-off” sentiment, benefiting CHF as a safe haven. Later tonight (19:30), US Retail Sales and Jobless Claims data will be key; strong US data will likely bolster the USD and weaken the CHF. Technical Outlook: While the trend has been sideways since early May, the short-term direction is bearish as price stays below the EMA. The price tested support at 41.33 and rebounded to 41.37. If China’s data disappoints, CHF strength could push the price to 41.37-41.40. If the data is better than expected, the price may break 41.33 and head toward 41.27. Stop Loss : 41.32 Support Level : 41.33 Target : 41.37 – 41.40