Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart on Tuesday, after upbeat Australian trade data and as the Reserve Bank of Australia left interest rates unchanged.
AUD/USD hit 0.9343 during late Asian trade, the pair's highest since July 30; the pair subsequently consolidated at 0.9337, inching up 0.03%.
The pair was likely to find support at 0.9276, the low of August 1 and resistance at 0.9388, the high of July 30.
Official data earlier showed that Australia's trade deficit narrowed to A$1.68 billion in June, from A$2.04 billion in May whose figure was revised down from a previously estimated deficit of A$1.91 billion.
Analysts had expected the trade deficit to narrow to A$1.90 billion in June.
Meanwhile, in a widely expected move, the RBA ledt its benchmark interest rate unchanged at a record low 2.50% and reiterated that it expects borrowing costs to remain low for an extended period of time.
Commenting on the decision, RBA Governor Glenn Stevens said "the most prudent course is likely to be a period of stability in interest rates."
The greenback remained supported below recent highs after the latest U.S. employment report on Friday showing that jobs growth slowed slightly in July prompted investors to curtail expectations on the timing of a possible rate hike by the Federal Reserve.
The Aussie was steady against the euro, with EUR/AUD dipping 0.06% to 1.4372.
Later in the day, the U.S. was to publish data on factory orders, while the Institute of Supply Management was to release data on service sector growth.