• AUD/USD edged higher on Tuesday following the Reserve Bank of Australia's (RBA) decision to keep interest rates unchanged at 4.10%, in line with market expectations.
• The Reserve Bank of Australia (RBA) concluded its April policy meeting by keeping the cash rate at 4.10%, following a 25 basis point cut in February.
• The decision came after the RBA had eased rates by 25 basis points in February, and there were no surprises in the central bank's stance this time.
• At GMT 05:52, The Australian dollar was last trading up 0.22% to $0.6257
• Immediate resistance is located at 0.6269 (50%fib), any close above will push the pair towards 0.6303(50%fib).
• Support is seen at 0.6231(38.2%fib) and break below could take the pair towards 0.6186(23.6%fib).
Recommendation: Good to buy around 0.6230 with stop loss of 0.6150 and target price of 0.6320
