Bullish momentum builds as the pair challenges the 200-day SMA

Bullish momentum builds as the pair challenges the 200-day SMA

USD/CHF extends gains on Thursday as broad-based US Dollar (USD) strength persists amid rising Middle East tensions, while the Swiss Franc (CHF) struggles to gain traction as traders remain cautious about potential intervention from the Swiss National Bank to curb excessive currency appreciation. At the time of writing, USD/CHF is trading around 0.7941, remaining on […]

AUD/USD under pressure as safe-haven US Dollar caps recovery

AUD/USD under pressure as safe-haven US Dollar caps recovery

AUD/USD trades around 0.6920 on Thursday at the time of writing, down 0.35% on the day, and remains close to its monthly lows amid a bearish consolidation phase. The pair struggles to stage any meaningful rebound as the US Dollar (USD) continues to draw solid support. Market sentiment remains fragile despite conciliatory remarks from US […]

NZD/USD extends losses below 0.5800 as hopes of a US-Iran peace deal ebb

NZD/USD extends losses below 0.5800 as hopes of a US-Iran peace deal ebb

The New Zealand Dollar (NZD) heads south against the US Dollar (USD) for the third consecutive day, extending its reversal from last week’s highs, a few pips short of 0.5900, to session lows at 0.5781 on Thursday’s European trading session. The risk-sensitive Kiwi has been hit by a sour market sentiment following Iran’s rejection of […]