USD/CHF jumps to fresh session tops, closer to mid-0.9300s

   •  Reviving USD demand helps build on post-NFP rebound. 
   •  Risk-off mood/softer US bond yields do little to dampen sentiment.

The USD/CHF pair quickly reversed an early dip to sub-0.9300 level and is currently placed at session tops, over 40-pips above session lows. 

After an initial wobble, the US Dollar regained some positive traction and was seen as one of the key factors assisting the pair to build on Friday’s recovery move from Friday’s 18-month lows. 

Currently placed at three-day tops, around 0.9340 level, the pair seemed largely unaffected by the prevalent risk-off mood, which tends to underpin the Swiss Franc's safe-haven demand.

Even a modest retracement slide around the US Treasury bond yields did little to prompt some fresh selling, with the USD price dynamics acting as an exclusive driver of the pair's uptick at the start of a new trading week. 

Traders now look forward to the release of US ISM non-manufacturing PMI, highlight of today's US economic docket, in order to grab some short-term trading opportunities. 

Technical levels to watch

A follow-through buying interest has the potential to continue boosting the pair further towards 0.9375 horizontal supply zone en-route the 0.9400 handle. On the flip side, retracement back below 0.9315 might prompt some fresh selling and drag the pair back towards multi-month lows support near the 0.9260 region.