The value of the Australian dollar remains as divisive as ever following the Reserve Bank of Australia's latest rate cut as experts argue that it is not over-valued, but its propensity for rallying means the RBA must be vigilant.

The Australian dollar was fetching US76.57¢ on Tuesday morning. Australian interest rates are at a record low 1.5 per cent and commodity prices are stable, if not rallying.

Meanwhile, the Bank of England has turned to more stimulatory policy settings, the Bank of Japan's direction is less clear but certainly accommodative, and the United States Federal Reserve might still downgrade formal interest rate expectations, even if it manages to raise rates later in 2016.

James McIntyre, economist at Macquarie, says all signs point to the RBA revisiting rate cuts if the Australian dollar rises.