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USD/CHF closed slightly lower due to short covering on Monday but remains above the 20-day moving average crossing. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI have turned 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 renews the decline off January's high, December's low crossing is the next downside target.