CHFTHB Faces Risk-On PressureSWISS FRANC / THAI BAHTFX_IDC:CHFTHBYES_GroupMarket Analysis: The CHFTHB pair is expected to move sideways with a slight downward bias as market sentiment shifts to a “Risk-On” mode following President Trump’s signing of an MOU with Iran. This development has eased geopolitical tensions and encouraged investors to return to risk assets, putting downward pressure on the CHF. Meanwhile, the Bank of Japan (BOJ) maintained its policy rate at 1.00% from 0.75%, matching market expectations. This gradual monetary approach further reassured the market and supported positive investment sentiment. However, the CHF remains supported as a safe-haven asset; any upcoming volatility from the Fed meeting or key US economic data could trigger safe-haven flows back into the CHF. Technical Outlook: On the 4-hour timeframe (4H), the overall trend remains bearish, but a short-term recovery is emerging after the price managed to hold above the support level of 40.96 and rebounded from the Fibonacci 0.236 level (40.963). Additionally, a MACD bullish crossover supports this short-term technical rebound. If the price can consistently sustain above 40.99, it has a chance to test the immediate resistance zone at 41.01 – 41.02 (Fib 0.5). A successful breakout above this level could extend the upside toward the key resistance zone of 41.04 – 41.06 (Fib 0.618 – 0.786). Risk Factors: Despite the short-term recovery momentum, the broader outlook is still capped by a downtrend as the price remains below the medium-term EMA and has not clearly broken above the downtrend line. Furthermore, the RSI remains below 50, indicating that buying pressure is still weak. If the price fails to break through the 40.99 – 41.02 resistance, profit-taking could press CHFTHB back down to test the 40.96 – 40.94 support area. A break below 40.91 would confirm a continuation of the primary downtrend. Support Level : 40.96 – 40.94 Target : 41.01 – 41.04 Stop Loss : 40.92