Turns sideways around 0.6660 as rally hits pause

AUD/USD trades stably near 0.6660 in the early European session on Friday. The pair holds above a rising 20-Exponential Moving Average (EMA), now at 0.6588, which supports the bullish bias. The 20-day EMA has been ascending for several sessions and continues to guide the trend higher.

The 14-day Relative Strength Index (RSI) at 67 (bullish, near overbought) confirms firm momentum while edging toward a stretch where gains could slow.

With momentum elevated, bulls retain control, though the proximity to overbought conditions could temper follow-through and encourage consolidation. A pullback would be expected to find demand on approaches to the rising average, while a close below it would open room for a broader corrective phase towards the November 14 high of 0.6551; otherwise, the broader bias would remain upward as long as price action respects the trend proxy. Looking up, the advance could extend towards the September 17 high of 0.6707.