""
 
USD/CHF closed higher on Wednesday and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this year's decline into uncharted territory, downside targets will be hard to project. Closes below the 20-day moving average crossing are needed to confirm that a short-term bottom has been posted.