USD/CHF closed higher on Thursday as it extends the rally this week's decline above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the reaction low crossing is the next downside target. Closes below the 10-day moving average crossing would temper the near-term bullish outlook.
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