AUD/USD muted around 0.7675 level

The AUD/USD pair pushed little higher but was confined within 30-pips narrow trading range after the RBA's latest monetary policy decision. 

Currently trading near 0.7675 region, the pair had a muted reaction to RBA maintained status-quo and left its monetary policy stance unchanged. Market participants, however, seemed disappointed as they were looking for some signals over shift in the central bank's monetary policy outlook.

With an empty US economic docket on Tuesday, focus now shifts to the release of Australian Retail sales data due during early Asian session on Wednesday. 

In the meantime, the pair would take clues from the prevalent price dynamics surrounding the US Dollar and broader market risk sentiment.

Technical levels to watch

From current levels 0.7690 region, closely followed by 0.7700 handle, seems to act as immediate resistance levels above which the pair is likely to make a dart towards September monthly high resistance near 0.7732 level.

On the flip side, weakness below session low support near 0.7660 is likely to accelerate the slide towards 0.7630 support, which if broken might force the pair to head back towards retesting 50-day SMA support near 0.7605-0.7600 region.