Dealers say that the big levels to watch are 1.0050 in USD/CHF and 83.35 in USD/JPY, with bids just ahead of both levels but significant stops just below.
As I mentioned earlier, the .9410 resistance level in AUD/USD is also very important.
EUR/USD: Bids are building now at 1.2780/00 and offers beginning at 1.2900/20; this looks like a feasible range for the session. The SNB were selling overnight but they usually don’t operate during this timezone.