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USD/CHF closed lower on Tuesday but the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bearish hinting that a top might be in or is near. Closes below the 20-day moving average crossing would temper the bullish outlook. If it renews this month's rally, the 38% retracement level of last year's decline crossing is the next upside target.