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USD/CHF closed higher on Friday and the mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold and are turning bearish hinting that a top might be in or is near. Closes above the 20-day moving average crossing would temper the bullish outlook. If it extends this month's rally, the 38% retracement level of last year's decline crossing is the next upside target.