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Testing the resistance drawn from the high on the 2nd of the month at 1.6442 and price action has consolidated in this area overnight. Should we continue higher above this level 1.6442 could offer a level of support going forward. Further support could be found towards the 1.64 figure should there be a reversal or a correction. The next resistance level should the uptrend continue could be towards 1.6470 an area of interest in mid 2011.