AUDUSD - Technical Analysis: Thursday, 21/12/2017 07:25 GMT

The bearish trend line was surpassed and the price moves above the exponential moving average 50 and 100, besides witnessing bullish pennant flag that supports the continuation of the bullish trend in the coming period.

RSI is near the oversold areas, and the waited positive targets reach 0.7800, while on the other hand, breaking 0.7635 will push the price to decline again.