Investing.com - The Australian dollar was almost unchanged against its U.S. counterpart on Tuesday, after the Reserve Bank of Australia left interest rates unchanged and the release of upbeat Australian data.
AUD/USD hit 0.7154 during late Asian trade, the session high; the pair subsequently consolidated at 0.7115.
The pair was likely to find support at 0.7067, the low of August 26 and resistance at 0.7174, Monday's high.
In a widely expected move, the RBA held its benchmark interest rate at a record-low 2.00% on Tuesday.
Commenting on the decision, RBA Governor Glenn Stevens said the now four-month long pause on rates was "appropriate" given the moderately growing Australian economy.
Mr Stevens added that the global economy was "expanding at a moderate pace", with "further softening of conditions in China and east Asia" but "stronger US growth".
Separately, the Australian Bureau of Statistics reported that building approvals increased by 4.2% in July, beating expectations for a 2.5% rise. Building approvals declined by 5.2% in June, whose figure was revised from a previously estimated drop of 8.2%.
Investors remained cautious however after mixed reports on Chinese manufacturing activity.
Official data showed that China's manufacturing purchasing managers' index slipped to 49.7 in August from 50.0 the previous month, while the Caixin manufacturing PMI ticked up to 47.3 last month from 47.1 in July.
China is Australia's biggest export partner.
The Aussie was lower against the euro, with EUR/AUD climbing 0.62% to 1.5855.