Short term trend: Bearish Ichimoku analysis (4 Hour chart): Tenkan-Sen level: 0.7784 Kijun-Sen level: 0.7750 Ichimoku cloud top: 0.7685 Ichimoku cloud bottom: 0.7767 NZD/USD has made a fake trend line break out at 0.7869 and is declining from that level. Short term trend is weak as long as resistance 0.7840 holds. It has formed descending triangle pattern and break of 0.7720 will confirm the weakness. The pair’s major resistance is around 0.7720 and break of will target 0.7660/0.7600.