AUD/USD heavy on less upbeat RBA minutes, but holds 0.75

The offered tone behind the AUD weakened a bit towards late-Asian trades, offering some support to the AUD/USD pair.

AUD/USD hovers around 20-DMA at 0.7519

Currently, the AUD/USD pair drops -0.90% to 0.7523, recovering from weekly lows struck at 0.7510. The AUD bears remain relentless this Tuesday, keeping the major deep in the red as markets view the latest RBA minutes as less upbeat in wake of the Australian employment and housing sector growth.

Although RBA minutes provided no hint at August easing, but it did read downbeat on certain sectors of the economy. The employment growth was described as having "moderated", while the housing market was also described as mixed.

Moreover, weaker oil prices as well as lower Asian equities, further added to the bearish pressure on the Aussie. In the day ahead, the major will track the broader market sentiment ahead of the US housing starts and building data due later in the NA session.

AUD/USD Levels to watch   

The pair finds the immediate resistance at 0.7580/82 (10 & 5-DMA) above which gains could be extended to the next hurdle located at 0.7600 (round number). On the flip side, the immediate support located at 0.7510/00 (Daily low & round number). Selling pressure is likely to intensify below the last, dragging the Aussie to 0.7477 (100-DMA).