The cross recovered more than 100 pips throughout the session, rising from a 2-day low of 0.9120 to its highest level in 2 days at 0.9226, which is Friday's high and the 23.6% retracement of the 0.9573/0.9116 drop.

USD/CHF has eased somewhat from the mentioned resistance area and at time of writing it is quoting at the 0.9210 zone, up 0.5% on the day. On the upside, if the pair manages to overcome the 0.9230 region, next resistances could be faced at 0.9250 and 0.9290/0.9300. On the downside, supports are seen at 0.9150 and 0.9115, ahead of 0.9100.