• AUD/USD edged higher  on Tuesday  after the Reserve Bank of Australia gave no clear hint that it would ease policy again  and further supported  by view that  the United Kingdom will vote to stay in the European Union
   
• Minutes of the Reserve Bank of Australia's (RBA) June 7 meeting showed the central bank considered the current policy setting as appropriate for promoting sustainable economic growth and returning inflation to target over time.
   
• However, the pair declined to hit low at 0.7453 in the early US session after new poll on Britain's referendum on European Union membership showed growing support for the "Leave" camp.
   
• Further downside is expected to be limited as the pair finds strong resistance at 0.7402 which should limit downside and bring a rebound back towards higher side. 
   
• To the upside, the strong resistance can be seen at 0.7520, a break above this level would take the pair towards next resistance level at 0.7600.
   
• To the downside immediate support can be seen at 0.7440, a break below this level will open the door towards next level at 0.7402.
  
  Resistance Levels
  
  R1: 0.7476 (38.2% Retracement level)  
  
  R2: 0.7520 (23.6% Retracement level)
  
  R3: 0.7600 (Psychological levels)
  
  Support Levels
  
  S1: 0.7440 (50% Retracement level)
  
  S2: 0.7402 (61.8% Retracement level)
  
  S3: 0.7361 (June 13th high)