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USD/CHF closed lower on Tuesday as it consolidates some of this month's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, the 38% retracement level of the June-December decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a double top with January's high has been posted.