USD/CHF closed higher on Monday as it extended this spring's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bullish signalling that additional strength is possible near-term. If it extends this month's rally, weekly resistence crossing is the next upside target. Closes below the 20-day moving average crossing are needed to confirm that a short-term high has been posted.