Forex: AUD/USD extends gains above 1.0400

FXstreet.com (Córdoba) - The Australian dollar pushed higher in early American morning and reached fresh daily highs versus the greenback underpinned by the positive market's mood and the advance in stocks.

AUD/USD broke above the 1.0390 area, and having climbed over 40 pips within the last hours, it recently printed a high of 1.0422 before losing momentum. At time of writing, AUD/USD is trading around 1.0410, up 0.4% on the day, after hitting a 3-week low of 1.0347 during the Asian session.

As for technical levels, the Mataf.net team locates next resistances at 1.0435, 1.0475 and 1.0495, while they see supports at 1.0390, 1.0365 and 1.0345.