The Aussie edged up on Tuesday even after the Reserve Bank of Australia cut its cash rate by a quarter point, a move so well discounted that it prompted a "buy on the fact" response. The Aussie dollar initially slipped as low as $1.0406 after rates were cut to 3 percent, but quickly recovered to last fetch $1.0447, up 0.3 percent on the day.

Aussie resistance was found at $1.0491, a two-month peak touched last week with support at $1.0391, the 100-day MA, ahead of $1.0365. The common currency edged off 0.2 percent on the day to A$1.2500, having climbed to A$1.2544 on Monday. Against the kiwi, the euro traded at NZ$1.5859, close to NZ$1.5925 touched in the previous session, its highest since late October. The kiwi edged up to $0.8225 in late trade, from $0.8212 early. Technical support remained around $0.8200, with $0.8237 capping the top side. The Aussie held steady on the kiwi around NZ$1.2695.

Copyright Reuters, 2012