Good evening! Over the weekend, the USD/CHF currency pair continues to trade sideways, but the recent movement is to the downside, although the price is trading below the 14-period Moving Average on the four-hour chart. The bears have not been able to break above the top of the Murray Regression Channel 5/8 at the level of 0.8804, which could allow for further decline with an attempt to reach the bottom of the Murray Regression Channel 3/8 at the level of 0.8774, and upon breaking below it, confirm a descending four-hour trend. In principle, I am expecting such a movement, except that a pullback towards the middle of the Murray Regression Channel 4/8 at the level of 0.8789 is possible, leading back towards the top of the regression channel before reaching its bottom, as indicated on the chart.
