Fxstreet.com (Buenos Aires) - In a more than quiet European session, majors remain close to yearly highs yet range bound, waiting for further cues from Wall Street. With both main indexes at yearly highs also, further rises in DJIA and S&P will likely support risk appetite, and push dollar lower across the board.
EUR/USD quotes at 1.4595, ranging between 1.4580/1.4620 area, while GBP/USD keeps hovering around 1.6700. Despite sentiment keeps both Euro and Gbp well bid, from a technical perspective both are showing signs of exhaustion in 4 hours charts, so they need to clear previous daily highs to regain upside momentum. Japanese yen remains steady under 91.00, with a strong bearish bias in almost any time frame, addressing to key 90.00 level. Swiss Franc also ranges between 1.0350/1.0380.
Finally, commodity currencies remain quite strong with AUD at 0.8632 and looking for 0.8700 level, NZD at 0.7060 after testing earlier the 0.7100 zone, and CAD at 1.0770 with a more bearish due to oil prices that remain under $ 70.00 a barrel.