USD/CHF closed lower on Friday as it extends the rally off June's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are diverging but turning bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off June's high, the 75% retracement level of the 2009-2010 rally crossing is the next upside target. Closes above Tuesday's high crossing is the next upside target.