
Reported resistance toward $1.6450 again able to counter upside
pressure, this time providing a cap around $1.6440, with rate currently
trading around $1.6400. A break above $1.6450 to expose stops, which if
triggered expected to open a move on toward $1.6500 ahead of $1.6600.
Bids remain in place back at $1.6300 ahead of stronger levels at
$1.6250 ahead of $1.6200. A break under this latter level to expose
decent sized stops.