Brent Crude Oil Price Breaks Above Our Price Target with Strong Momentum – Analysis – 02-09-2026

The (USDCHF) extended its strong gains during its recent intraday trading, with the pair reaching the resistance level of 0.8130, which was our price target in previous analysis. This comes amid the dominance of a short-term bullish corrective wave, with the pair moving along a relatively steep trendline, providing a clear indication of the strength of this direction, supported by continued positive pressure resulting from trading above EMA50, along with positive signals from the relative strength indicators, reinforcing the chances of a breakout in the near term.

The (NZDUSD) continued to decline during its recent intraday trading, with the pair reaching the support level of 0.5885, which was our price target in previous analysis. The pair was affected by breaking a minor short-term bullish trendline, confirming the dominance of a bearish corrective wave, with continued negative pressure resulting from trading below EMA50, which represents dynamic resistance that reduces the chances of a recovery in the near term, with the emergence of negative signals from the relative strength indicators.

The (AUDUSD) remains under a series of consecutive losses during its recent intraday trading, after breaching EMA50’s support, exposing the pair to further negative pressure, leading to a break below the support of a rising price channel that had contained the pair’s previous short-term trading, intensifying the negative pressures surrounding the pair and increasing the likelihood of further losses in the near term, particularly as negative signals continue to emerge from the relative strength indicators.