USD/CHF closed higher on Friday and above the 20-day moving average crossing signalling that a short-term bottom has been posted. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, the reaction high crossing is the next upside target. If it extends the decline off January's high, December's low crossing is the next downside target.