• 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
