The USD/CHF pair, which dropped to a daily low at 0.9620 in the early European morning, gathered traction and moved towards the mid-0.96 area before the trading volume thinned out in the NA session. As of writing, the pair is trading at 0.9652, up 0.18% on the day. Although the CHF was able to record some modest recovery gains against the USD as investors started to seek refuge after news of North Korea testing another ballistic missile crossed the wires. Moreover, the lower risk appetite was also apparent in the European stock markets as they started the day under pressure. Additionally, the US Dollar Index was also able to rise above the 96 handle after finding support at 95.80. At the moment, the index is at 96.02, up 0.07% on the day. US Dollar clings to gains around 96.00 However, the market reaction to these developments couldn't last long as the overall trading volume remained low. Moreover, the European equity indexes were able to recover their losses as well. As we approach the London close, the German Dax is unchanged at 12,474.25 points while the UK's FTSE 100 is up 1 point at 7,377.75. With today's rise, the pair is marching towards its third positive daily close and is poised for further gains as the daily RSI keeps is testing the 50 handle. 0.9680 (20-DMA) aligns as the first technical hurdle ahead of 0.9735 (Jun. 26 high) and 0.9800 (psychological level/May 30 high). On the flip side, short-term supports could be seen at 0.9600 (psychological level), 0.9550 (Jun. 29 low) and 0.9500 (psychological level).