Yesterday, in the USDCHF, the pair fell but found support near the swing area floor between 0.79104 and 0.79209, sparking a bounce that carried the price above last Friday’s low at 0.79556 and into the session close near the highs.Today, trading has been choppy in the Asian and early European sessions. The pair pushed to new session highs, briefly testing a resistance target flagged in yesterday’s post, before sellers leaned against the level and pushed lower. The softer U.S. PPI data then fueled a sharp drop through last Friday’s low at 0.79556, but downside momentum quickly faded, and the pair rebounded.Technically, the sellers still hold the upper hand with the price below the 100-hour moving average (blue line currently at 0.7982) and swing resistance up to 0.7994 (the 50% of the move down from last week's high is also in that area). However, further downside progress requires breaking through the 0.7938–0.7947 swing area and last week’s low. Until then, the pair remains in a tug-of-war, with sellers holding the bias but needing follow-through to strengthen control.The short video above focuses on the technicals that are driving this currency pair. Watch it and learn. This article was written by Greg Michalowski at investinglive.com.