USD/CHF carries recovery moves from late-Tuesday.
A confluence of 100/200-HMAs and 38.2% Fibonacci retracement offer strong support.
The short-term horizontal resistance guards immediate upside.
USD/CHF trades near 0.9720, down 0.10% on a day while heading into the European session on Friday.
In doing so, the pair carries its bounce off three-day-old horizontal support.
As a result, 23.6% Fibonacci retracement level of the pair’s one-week-old rise, around 0.9740 lures the buyers.
However, a horizontal line from Wednesday, around 0.9760 holds the gate for the pair’s further run-up towards the monthly high of 0.9784


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