USD/CHF closed higher due to profit taking on Friday while extending the trading range of the past three weeks. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain bearish signalling that a short-term high might be in or is near. Closes below the reaction low 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.