Hello traders, Good Friday evening. I believe that at the current moment, the USD/Swiss Franc pair has exhausted its potential for corrective growth within the four-hour chart. It is pleasant to note that the "Zigzag" indicator marked the end of the growth exactly where we expected it, during the bulls' test of the key level of 0.7900. As we can see, the bulls were not able to firmly test this level, and now the bears have opened their four-hour candle, trading the pair at a rate of 0.7893 Swiss Francs per 1 US Dollar, fully supported by the downward movement indicated by the advisor on the chart. The USD/CHF pair is below both bands of the descending trend indicator "2 EMA Color Alerts," so there are no doubts about the further development of the downtrend for this currency pair. I believe that the next downward wave for USD/CHF will aim to reach the level of 0.7850 with the goal of breaking through it and decreasing towards the lower segment of the 78th figure. On the other hand, it is currently unclear how long this movement will last, as the market is gradually thinning due to the departure of major players for the New Year holidays, as well as the absence of important publications from a fundamental perspective.
