CHFTHB Tracks Risk SentimentMarket Analysis : CHFTHB is expected to trade with a steady-to-slightly-bullish bias. With no major Swiss macroeconomic data scheduled for release today, the Swiss Franc remains highly dependent on global market sentiment, safe-haven demand, and geopolitical developments. In particular, intensifying tensions in the Middle East continue to act as a significant tailwind, driving defensive flows into the CHF as a preferred safe-haven asset. However, the pair’s short-term fluctuations will remain sensitive to cross-currency dynamics via CHFUSD and USDTHB, especially ahead of high-impact US economic data tonight. On the domestic front, a positive opening in the Thai stock market this morning presents a tactical, short-term downside risk.
Technical Outlook: Bullish Bias. The technical outlook preserves a solid bullish framework, characterized by a persistent sequence of Higher Highs (HH) and Higher Lows (HL) with price action holding securely above both major EMA lines. Although the price has recently entered a localized sideways consolidation just beneath immediate horizontal resistance at 41.77 (Resistance 1), the absence of any structural bearish reversal signals keeps buyers in control of the primary trend. A decisive breakout and close above 41.77 will unlock the next extension toward the 41.80–41.85 target zone. On the downside, failure to clear 41.77 could spark near-term profit-taking, dragging the price to retest the 41.66–41.61 support cluster. A structural breach below 41.61 would indicate fading buying momentum, increasing the risk of a deeper technical correction.
Support : 41.66 – 41.61
Resistance : 41.77
Target : 41.80 – 41.85
Cut Loss : 41.60 GBPTHB Awaits UK GDPMarket Analysis: GBPTHB is expected to trade within a steady-to-bullish range. Markets are highly focused on a crucial UK data dump today, including May GDP, Industrial Production, and Trade Balance figures. Solid economic outcomes will strengthen the UK growth outlook, reinforcing expectations that the Bank of England will pursue a highly cautious, measured approach toward monetary easing, providing systemic support for the Sterling. Nevertheless, near-term price rotations will remain highly tied to broader USD trends post-US economic data tonight. A positive opening in the Thai stock market also introduces an immediate localized downside risk.
Technical Outlook: Bullish Bias / Overextended Risk. The short-term trend exhibits a solid Sideway Up to Bullish posture, validated by a strong upward run and consecutive Higher Highs (HH) above both key EMA lines. While the structural backdrop is firmly in favor of buyers, the price has recently paused near immediate horizontal resistance at 45.47 (Resistance 1). Furthermore, the RSI is currently trading at highly elevated levels, flagging a prominent risk of a technical mean-reversion or profit-taking pullback. A clean daily breakout above 45.47 will open the next target cluster at 45.54–45.60. However, if the price rejects 45.47, expect a retracement toward the 45.38 support base. A breach below this support will signal a near-term trend exhaustion, risking a deeper correction into the 45.31–45.28 demand zone.
Support : 45.38
Resistance : 45.47
Target : 45.54 – 45.60
Cut Loss : 45.36 EURTHB Eyes Eurozone Trade DataMarket Analysis: EURTHB is poised to trade with a steady-to-bullish undertone in the short term. A softer DXY index dropping to 100.35 allowed EURUSD to advance, providing a direct positive spillover effect for EURTHB. Today, the market turns its attention to the Eurozone’s May Trade Balance data; a stronger-than-expected print will further validate regional economic resilience and boost the Euro. Nonetheless, the primary volatility driver will stem from the impending top-tier US macroeconomic data releases tonight, which will steer broad US Dollar and EURUSD dynamics. Locally, a weak start in the Thai equity market serves as an additional supportive tailwind.
Technical Outlook: Bullish Bias. The chart layout remains structurally bullish, maintaining its position above the key EMA lines following a clear Break of Structure (BOS). Price action is currently consolidating just beneath a crucial horizontal resistance at 38.55, indicating a healthy accumulation phase prior to the next directional breakout. The RSI sits at 66, confirming that buyers retain immediate control despite approaching the Overbought threshold. The MACD is securely positioned above its signal line, though a flattening histogram points to a minor deceleration in short-term velocity. A decisive break above 38.54–38.55 opens the path toward the 38.58–38.60 targets. Conversely, failure to clear this barrier will likely induce profit-taking, risking a pullback into the 38.51–38.49 support range. A violation of the 38.49 level will indicate a weakening trend and open the door for a short-term correction.
Support : 38.51 – 38.49
Resistance : 38.54 – 38.55
Target : 38.58 – 38.60
Cut Loss : 38.48
USDTHB Eyes Key US DataUSDTHB maintains a steady-to-bullish bias in the short term. Even though the June US PPI cooled to 5.5% YoY (below the 6.2% consensus), the US Dollar staged a resilient recovery fueled by intensifying US-Iran geopolitical frictions. Rising defense concerns surrounding the Strait of Hormuz—a vital global oil chokepoint—sparked safe-haven flows into the greenback. Tonight, market focus shifts to a heavy US data slate including Retail Sales, the Philadelphia Fed Manufacturing Index, and Initial Jobless Claims. Stronger-than-expected metrics will likely push the dollar higher by dampening Fed rate cut expectations, whereas a negative opening in the Thai stock market provides direct localized support for the pair.
Technical Outlook: Sideway Up. The short-term price structure preserves a positive trajectory, trading comfortably above the short-term EMA line and its established ascending trendline. The RSI hovers around 53, maintaining a foothold in bullish territory, while the MACD signals an influx of fresh buying interest as its histogram edges back into the positive zone. A decisive consolidation above the 33.60–33.62 resistance cluster will confirm the bullish scenario, paving the way for a continuation toward the 33.64–33.67 targets. However, if the price fails to breach 33.62, short-term profit-taking may prompt a mild retracement to the 33.58–33.56 support zone. A structural break below 33.56 would flag fading bullish conviction, risking a deeper slide toward 33.53.
Support : 33.58 – 33.56
Resistance : 33.60 – 33.62
Target : 33.64 – 33.67
Cut Loss : 33.55
USDCAD: Bearish channel remains in control; target 1.4020USDCAD maintains a clear bearish structure on the H4 timeframe, with the price consistently forming lower highs and moving steadily within a downward-sloping channel. A recent strong sell-off pushed the price toward the channel's lower boundary, indicating that sellers remain in control.
Currently, the price may experience a technical rebound from the lows. However, the 1.4110–1.4120 zone represents a confluence of the bearish trendline, horizontal resistance, and the Ichimoku Cloud; thus, any bounce is likely just a retest before selling pressure resumes.
The fundamental backdrop also weighs on USDCAD, as the USD faces pressure following cooling US inflation data, while oil prices remain supportive of the CAD. This reinforces the likelihood that rallies in the pair will be met with selling.
If the price fails to break above 1.4120, the downtrend could extend toward the channel's lower boundary near 1.4020.
Suggested strategy: Look to SELL on a rebound to the 1.4100–1.4120 zone if a rejection signal appears. Target: 1.4020; the bearish scenario is invalidated if the price closes clearly above the bearish channel on the H4 timeframe. Selling pressure increasing?EUR/NOK has rejected off the pivot, which has been identified as a pullback resistance, and could drop towards the 1st suport which has been identified as an overlap support.
Pivot: 11.09680
1st Support: 10.98852
1st Resistance: 11.17379
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party. Bearish drop off?CAD/CHF could rise toward the pivot, which acts as a pullback resistance, and could reverse towards the 1st support, which has been identified as a pullback support that aligns with the 50% Fibonacci retracement.
Pivot: 0.57413
1st Support: 0.57121
1st Resistance: 0.57718
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party. Bullish momentum to extend?AUD/CHF is falling towards the pivot, which is a pullback support and could bounce towards the 1st resistance, which is a pullback resistance.
Pivot: 0.56112
1st Support: 0.55926
1st Resistance: 0.56600
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party. Bullish continuation setup?NZD/CHF is falling toward the pivot and could bounce toward the 1st resistance.
Pivot: 0.46792
1st Support: 0.46585
1st Resistance: 0.47180
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
Long
