The USDCHF dipped to a fresh low in the early Asian session but found buyers near the top of a swing area between 0.8017–0.8023. That support level sparked a rebound, lifting the pair back above the 100- and 200-hour moving averages at 0.8052 and 0.8057. The rally extended toward the 38.2% retracement of the July trading range at 0.8071, a level that had already acted as resistance earlier in the week. Although the price briefly pushed above, momentum stalled near 0.8076, and repeated failures around 0.8071–0.8072 set the stage for a reversal.In the early U.S. session, the pair rotated lower, slipping back under both the 100- and 200-hour moving averages. Holding below these levels now serves as a bearish barometer, suggesting sellers have regained near-term control.Looking ahead, the technical picture is framed by well-defined levels. On the downside, the swing area between 0.8017 and 0.8023 remains a key support zone. On the topside, 0.8071 continues to mark the bias-defining level; a sustained break above would shift momentum back toward the buyers. In between, the 100- and 200-hour moving averages form the immediate pivot zone, guiding intraday flows.The recent volatility makes the choppy back-and-forth price action less surprising. Still, the roadmap is clear: buyers will need to reclaim and hold above 0.8071 to reestablish control, while sellers will look to lean against the moving averages and press toward support at the lows (between 0.8017 and 0.80233).The video above outlines all the key levels and explains all the "whys" technically so you can be aware and prepared. Take a look.Visit investingLive.com daily and often (formally forexlive.com) for your trading and investing news and ideas. This article was written by Greg Michalowski at investinglive.com.