The pair closed in NY Tuesday at $1.6477 after rate performed an impressive recovery off pressured lows of $1.6400 to $1.6487 into the US session. Rate eased off to $1.6458 before having another run higher late on to $1.6484 before it settled above $1.6470 into the close. Rate eased to $1.6472 in early Asian trade before it bounced to $1.6492 (61.8% $1.6605-1.6309) as markets reacted to the release of higher than forecast Australian inflation data. This release boosted the Australian dollar, which in turn provided risk with a general lift. Resistance at that $1.6492 level proved strong enough to cap and prompted a corrective pullback, with rate sinking through the earlier Asian base to $1.6468 into European trading. Offers seen placed from $1.6492 through to $1.6500, a break to open a move on toward $1.6510/20 ahead of stronger interestat $1.6535. Support seen at the $1.6458 level (pullback low off $1.6487 Tues and 38.2% $1.6400/92). Below here and the 50% and 61.8% levels come in at $1.6446-35, 76.4% at $1.6422. Euro-sterling retains a negative tone, the rate consolidating overnight between stg0.82275-0.82355 after touching lows of stg0.8215 Tuesday. UK jobs data and BOE minutes in focus at 0930GMT
