USD/CHF edges lower on Wednesday, breaching a key support trendline at around 0.7800 as the pair extends its downtrend, falling over 0.50% at the time of writing. The pair trades at 0.7789, as traders target the March 10 swing low at 0.7748. USD/CHF Price Forecast: Technical outlookFrom a technical perspective, the downtrend is resuming after

The AUD/USD pair attracts some dip-buyers during the Asian session on Thursday and stalls the previous day’s late pullback from the 0.7275-0.7280 region, or its highest level since June 2022. Spot prices currently trade around mid-0.7200s, up for the third straight day. The Reserve Bank of Australia’s (RBA) hawkish outlook counters Australia’s mixed trade data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after posting nearly 0.5% losses in the previous day and trading around 98.00 during the Asian hours on Thursday. The Greenback struggles amid easing safe-haven demand on optimism surrounding a potential US-Iran agreement, which

Gold rose for a third straight session on Thursday, supported by a softer dollar as hopes grew for a potential peace deal between the United States and Iran. Spot goldwas up 0.3% at $4,701.19 per ounce, as of 0231 GMT, after rising about 3% on Wednesday to hit its highest level since April 27. U.S.