AUD/NZD circles 1.0935 with little news on the horizon

• AUD/NZD tumbles on bad AUD data.
• Sentiment undecided as pair trades flat.

AUD/NZD went flat through New York, currently trading around 1.0935 with little volume.

The Aussie fell against the Kiwi yesterday on weaker-than-expected CPI data, and hasn't been able to regain the lost ground, sinking from a high of 1.1039 to trade staunchly within the 1.0947-1.0919 range. Little economic data is expected for either currency for the rest of the week, outside of some low-impact building permit numbers for Australia at 00:30 GMT and New Zealand at 21:45.

AUD/NZD has drifted lower for three consecutive months as the Aussie pares back in light of weaker-than-expected growth in key economic metrics as the Kiwi continues to garner support with increases in job ads and higher expectations of wage growth.

AUD/NZD Technical Levels

The pair is currently caught in a volatility trap, with intraday support priced at yesterday's low of 1.0920 and a resistance zone between  1.0958 and 1.0945.

Today's pivot points:
R2: 1.1084
R1: 1.1010
PP: 1.0965
S1: 1.0890
S2: 1.0845