– Yesterday Recap
Yesterday, CHFTHB closed at 40.98 in the Thai market. Meanwhile, Swiss Foreign Currency Reserves for July came in at 889.6B, up from 879.9B previously, reflecting an increase in the SNB’s foreign currency reserves.
– Fundamental 1/9/26
Key News Today
CHFTHB: 13:30 – Swiss Retail Sales YoY | Forecast: 1.3% | Previous: 1.5%
CHFTHB: 14:30 – Swiss Manufacturing PMI (procure.ch) | Forecast: 54.1 | Previous: 53.2%
Today, the market will focus on the Swiss Manufacturing PMI, which is expected to increase to 54.1 from 53.2, indicating an improvement in manufacturing activity.
A stronger-than-expected reading could provide additional support for the CHF, while a weaker-than-expected figure could put some pressure on the currency.
Meanwhile, Retail Sales are expected to slow to 1.3% YoY from 1.5%, making it a secondary factor compared with the PMI.
Overall, CHFTHB is expected to trade within a range, with market attention focused mainly on Swiss PMI, safe-haven flows, and the direction of the USD.
Technical Analysis – CHFTHB 1H
Bias: Sideway
CHFTHB continues to trade within the 40.97–41.06 range, supporting a Sideway bias. The market is waiting for a breakout above 41.06 to confirm further upside, or a break below 40.97 to confirm downside momentum.
Resistance: 41.06
This is a key resistance level. A break above 41.06 could open the way for further upside.
Support: 40.97
This is a key support level. As long as the price holds above 40.97, the overall structure remains Sideway.
Target: 41.06
Cut Loss: 40.97
A break below 40.97 would invalidate the current Sideway range and could lead to further downside.