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