USD/CHF rebounds from 2-week lows, at session tops around 0.9465

   •  A goodish USD rebound helps snap four consecutive days of losing streak.
   •  Rising US bond yields/prevalent risk-on mood provides an additional boost. 

The USD/CHF pair snapped four consecutive days of losing streak and staged a modest rebound from near two-week lows.

A goodish pickup in the US Dollar demand, backed by easing US-China trade war fears and a renewed uptick in the US Treasury bond yields, was seen as one of the key factors behind the pair's recovery of around 30-pips from session lows.

Adding to this, improving investors' appetite for riskier assets, as depicted by strong gains across European equity markets, further weighed on the Swiss Franc's safe-haven appeal and collaborated to the pair's sudden spike over the past hour or so.

Currently trading around the 0.9465 region, the pair has now recovered yesterday's modest losses and might now aim back towards reclaiming the key 0.9500 psychological mark. 

Traders now look forward to the US economic docket, highlighting the release of CB's Consumer Confidence Index and due for release during the early NA session, in order to grab some short-term opportunities. 

Technical levels to watch

Immediate resistance is pegged near 0.9480 level, above which the pair seems more likely to surpass the 0.95 handle and head towards testing 0.9520-25 supply zone. On the flip side, 0.9430 level now seems to have emerged as an immediate support, which if broken might prompt some additional weakness further towards the 0.9400 handle.