Next Leg for USD/CHF

The intraday downtrend across the 30 and 60 minute charts has been slowing as Asia approaches.  The Monday session for the USD/CHF showed the franc gaining on the dollar throughout the session due in no small part to an inactive Swiss National Bank.  The pause now offers a chance to consider what the next move for the pair will be.  The transition will likely set up triangles or rectangles on the 15 minute time frame as it moves sideways.  The 30 minute chart is still in a mark down cycle but the sideways movement is weakening the Initial Trend pointing to a transition.  Ideally shorting in the direction of the trend would be the set up if more downside is to be seen and if prices stay below the 1.0200 psychological level.