The USD/CHF pair extends its gains for the second successive session, trading around 0.8200 during the Asian hours on Friday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern.
Canadian Prime Minister’s Office (PMO) published a statement on Friday, citing that Canada’s PM Mark Carney spoke with Chinese Premier Li Qiang about trade and bilateral relations.
US Dollar (USD) could continue to weaken against Chinese Yuan (CNH); any further decline is unlikely to break below 7.1600. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, BBH FX analysts report.