USD/CHF closed higher due to profit taking on Monday and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold and are neutral to bearish signalling that a short-term high 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 resumes this spring's rally, weekly support crossing is the next upside target.
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