Risk appetite was still up to speed of the elemental currents in the Forex market Wednesday. This indication was triggering instability until the beginning of this week. However, from today’s price activities, it may as well be the momentum for clogging and instability. The dollar has cut narrow ranges in opposition to its main counterparts, yet it still act in that way at the rim of a technical cliff. EURUSD is a bit over 100 points away from building new highs for the year, GBPUSD is progressively trending higher to the 1.60 level and NZDUSD has even succeeded to go up to highs that wasn’t there since October. Apparently, this is a circumstance where the market is staying calm and sees if a catalyst decides whether we are going to progressing towards new highs or see sentiment drop take a big turnaround.
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