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USD/CHF posted a new contract low on Thursday as it renewed this winter's decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends the aforementioned decline, downside targets will now be hard to project now that it has declined into uncharted territory. Closes above the 10-day moving average crossing would confirm that a short-term bottom has been posted.