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We prefer to go short NZD/USD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 0.779
Kijun-Sen level: 0.7763
Ichimoku cloud top: 0.7763
Ichimoku cloud bottom: 0.7822

NZD/USD is facing strong resistance around 0.7885 ( trend line joining 0.8033 and 0.7976) and short term trend reversal only above that level.
On the upper side break above will target 0.7925/0.7975 (Oct 29th high).
The pair minor support is around 0.7830. Any indicative break below would extend gain to 0.779/0.7696 (Nov 3rd low).

Recommendation: Sell NZD/USD around 0.7865, SL 0.7885, Target 0.770.
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