USD/CHF closed higher on Tuesday extending yesterday's breakout above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it extends this week's rally, the reaction high crossing is the next upside target. Closes below Monday's gap crossing would temper the near-term bullish outlook.