USD/CHF: Identifying a Short Opportunity Within a Defined Sideways Range

Technical Analysis of the Current Structure

My analysis of USD/CHF reveals that the pair is currently trading within a well-defined sideways range, a trend that has persisted. The current price stands at 0.87863, with the daily range oscillating between 0.87769 and 0.87957. This consolidation phase is critical. I observe clear resistance at 0.8796, followed by 0.885, and robust support beginning at 0.8777, then 0.875. The structure is clear: price action is showing signs of resistance at the upper boundary of this range. Given the current proximity to the 0.8796 resistance, I am looking for a rejection or exhaustion to initiate a short position. This aligns with a technical strategy of fading the extremes of