FxWirePro: AUD/ USD steadies around 0.6595 after RBA holds rates, stays vigilant on inflation

• AUD/USD steadied around  0.6595 on Tuesday after Australia's central bank held interest rates steady   as expected.

•The Reserve Bank of Australia (RBA) wrapped up its latest policy meeting by keeping rates at 4.35%, marking a year since they were last increased, and reiterated that it was not ruling out a further hike if necessary.

•Markets had largely ruled out the possibility of a rate cut this week, and were only pricing in a 20% chance of a cut at the Federal Reserve's final meeting of the year on December 10.

• At (GMT 05:17) Aussie dollar was trading at up  0.17 % at $0.695 against the U.S. dollar. 

• Immediate resistance is located at 0.6602 (SMA 11), any close above will push the pair towards 0.6620(38.2%fib).

• Support is seen at 0.6577(Daily low) and break below could take the pair towards 0.6556 (23.6%fib).

 Recommendation: Good to buy around 0.6590, with stop loss of 0.5900 and target price of 0.6650