Analysis – 26-10-2021

The USDCHF is recovering – USDCHF pair bounced upwards clearly after approaching the waited target at 0.9140, to breach 0.9200 level and settle above it now, which leads the price to achieve more expected rise on the intraday basis, targeting testing 0.9265 mainly.

Vaccinated travellers from Australia, Switzerland can enter S’pore without quarantine from Nov 8

https://www.straitstimes.com/singapore/transport/vaccinated-travellers-from-australia-and-switzerland-to-be-able-to-enter

SINGAPORE – Vaccinated travellers from Australia and Switzerland will be able to enter Singapore without quarantine from Nov 8, as the Republic further expands a scheme to reopen its borders to vaccinated travellers.

The addition of Australia to Singapore’s Vaccinated Travel Lane (VTL) scheme means Australian residents can enjoy two-way quarantine-free travel between the two countries from Nov 8, while reciprocal arrangements for student and business pass holders from Singapore are expected to be in place by Nov 23.

The expected trading range for today is between 0.9150 support and 0.9265 resistance.

The expected trend for today: Bullish

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Read about USDCHF at https://www.economies.com/forex/usd-chf-analysis/the-usdchf-is-recovering-%E2%80%93-analysis—26-10-2021-85819