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USD/CHF closed higher on Monday as it consolidates some of this winter's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are remain neutral to 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 20-day moving average crossing would confirm that a short-term bottom has been posted.