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USD/CHF closed higher on Thursday as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off this month's high, December's low crossing is the next downside target. Closes above the 10-day moving average crossing would signal that a short-term bottom has been posted.