FxWirePro: EUR/AUD bull’s hold the higher ground, remains on bullish path

• EUR/AUD edged higher  on Wednesday      as investors assessed indications that U.S. interest rates could stay higher for longer, and the progress of U.S.-Iran peace talks.

•  The U.S. and Iran held indirect technical talks in Doha focused on ensuring safe shipping through the Strait of Hormuz and securing a lasting ceasefire, according to a source familiar with the discussions and an Iranian official...

• Meanwhile, Federal Reserve Chair Kevin Warsh said at the ECB's Sintra conference that policymakers will decide on interest rates at their next meeting, reiterating his refusal to provide forward guidance.

• Traders anticipate both the Fed and the ECB lifting interest rates by at least 25 basis points later this year. 

.•   Immediate resistance is located at 1.6575 (50%fib), any close above will push the pair towards 1.6626 (June 30th high)

• Support is seen at 1.6463(61.8%fib) and break below could take the pair towards 1.6435(SMA 20).

Recommendation: Good to sell   around 1.6140, with stop loss of 1.6100  and target price of 1.6200