#USDCHF closed higher on Thursday. The high-range close sets the - TopicsExpress

#USDCHF closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Fridays night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to higher prices are possible near-term. If it extends the decline off Januarys high, weekly support crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term bottom has been posted.

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