USD/CHF Pair Sees Volatile Trading Amid Rising EMA

The USD/CHF pair has been exhibiting noisy trading on Wednesday, with prices hovering around the 0.81 level.

This level has proven to be a magnet for price action, and it's not surprising that the market is back here again.

The 50-day EMA currently sits at 0.8060 and is rising, serving as both a support level and an uptrend line.

To the upside, the 0.82 level presents a potential resistance point for the pair.

According to Christopher Lewis, interest rate differentials continue to favor the US Dollar over the Swiss Franc, despite slightly lower rates in America.

This has led Lewis to remain long on the USD/CHF pair and collect profits through swaps.