Managed to post a quick recovery back on to a $1.62 handle after
extending five-year lows to $1.6046. Retracement levels of the sell-off
from $1.6346 noted at $1.6200, $1.6230 and $1.6275. On the downside,
little is seen in the way of major support ahead of the long-term 50%
retracement level of the 1985-2007 upswing at $1.5770.