Brent Crude Oil Breaks Our Price Target – Analysis –03-11-2026

The USDCHF pair fluctuated in its latest intraday movements, as positive signals begin to emerge from the relative strength indicators after reaching deeply oversold territory. The pair is attempting to ease some of these oversold conditions while recovering part of its previous losses. This has helped it hold firm against continued negative pressure resulting from trading below EMA50, which forced the pair to break below the key 0.8200 support level and reinforced the dominance and stability of the short-term bearish corrective trend.

The NZDUSD pair remained lower in its latest intraday trading, while the 0.5600 support level held firm, helping the pair to settle temporarily against the surrounding negative pressure. This comes amid the dominance of the main short-term downtrend, with continued negative pressure from trading below EMA50, which acts as dynamic resistance and intensifies the bearish pressure on the pair. This is particularly evident alongside negative signals from the relative strength indicators, after the pair managed to ease some of its oversold conditions, leaving more room for further losses in the near term.

The AUDUSD pair continued its decline in its latest intraday trading, with its latest losses bringing it to the 0.6980 support level, which had been a price target in our previous analyses. This comes amid continued negative pressure from trading below its EMA50, alongside negative signals from the Relative Strength Indicators, despite reaching oversold territory, warning of further declines for the pair in the near term.