USD/CHF closed lower on Wednesday and the mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold and are turning bearish signalling that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term high has been posted. If it extends this spring's rally, weekly support crossing is the next upside target.
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