USD/CHF: Sideways Trend Presents Short Opportunity Amidst Key Levels

Market Overview and Technical Rationale

The USD/CHF pair continues to trade within a defined sideways trend, a condition we have observed for some time. Currently priced at 0.87599, the pair has seen a modest decline of -0.00201 (-0.23%) over the last 24 hours, operating within a day range of 0.87296 to 0.87901. This recent price action, particularly the inability to sustain moves above immediate resistance, suggests a potential for further downside within this established range.
My analysis indicates that the 0.879 level serves as a notable resistance point, with 0.88 and 0.885 providing further upside barriers. The price has struggled to break convincingly above these levels, signaling underlying selling pressure. Given this context, a swing trade short setup becomes attractive. I am looking for an entry at 0.87696, anticipating a continued rejection from the upper