Forex: AUD/USD still trendless below 1.04

FXstreet.com (Barcelona) - AUDUSD continues within this very low volatility environment, trading at exactly same quote was doing 2 days ago at the start of the Asia-Pacific session on Wednesday, that is at current 1.0387. For the week though, the pair is higher by some +0.36%, with weekly highs at 1.0423 on Tuesday, and lows at 1.0337 on Wednesday. Average daily range for last 14 days reads 71 pips, at 5 years lows.

"No changes in AUDUSD that continues to trade inside its 100 pips usual range, still trendless," says Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: "The hourly chart shows a slightly positive tone, yet with 1.0423 weekly high will likely hold the upside in current session. 4 hours chart also presents a neutral technical stance with price hovering around a flat 20 SMA."

Valeria spots support levels at: 1.0330, 1.0295 and 1.0260, while resistance levels at: 1.0370, 1.0410 and 1.0445.