USD/CHF (a 4- hour chart)
Frank continued to go up after the euro versus the dollar. The reason was the weak U.S. statistics and Michigan consumer sentiment index that remained at 81.2 in February. The forecast was from 76.5 to 86.
From a technical point of view, USD/CHF tested 0.8900 (January 24 lows). The next low mark is at 0.8830. The immediate resistance is at 0.9060 (highs 46 February).
The pair is below the Cloud that cancels the northern movement. Tenkan-sen is crossing Kijun-sen downwards. The cloud is decreasing. The southern movement remains until Kijun-Sen is located above the price.
Bollinger bands still show a downward movement; its bands are broadening confirming the sell signal.
MACD histogram is in a negative zone. The histogram is descending.
The dollar may fall to 0.8800, where buyers can be active. The growth above 0.9000-0.9040 will weaken the bearish power, but for this the bulls need to overcome the resistance 0.8940-0.8960.