Forex: USD/CHF at Friday's highs

The Asian session rally was capped at 0.9258 and so, the USD/CHF retrieved to Friday's high area, around 0.9242. The market is up by +0.28% and extending the retracement of late January's tumble to 0.9022 low.

The economic calendar will provide update of EMU current account. ECB's Draghi will speak at 12:30 GMT.

UBS analysts are neutral: "The latest recovery has traded above main resistance at 0.9249 this morning. The next resistance is at 0.9325 ahead of 0.9389", wrote analyst Gareth Berry, pointing to support at 0.9150.