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Forex: AUD/USD clings to gains

Underpinned by broad gains in stocks and better-than-expected Australian GDP, AUD/USD managed to extend its recovery to a 9-day high of 1.0300 before losing momentum.

The AUD/USD pulled back toward the 1.0265 zone where it found support at an ascendant 20-hour SMA during the European session. The pair is back headed north, currently trading around 1.0275/80, recording a 0.2% gain on Wednesday.

As for technical levels, the Mataf.net analyst team locates next supports at 1.0265, 1.0210 and 1.0185, while they see resistances at 1.0300, 1.0315 and 1.0340.

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