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  • NZD/USD bears are lurking at dynamic 4-hour support.
  • Bears in good stead  from the longer-term perspective as well.  

NZD/USD is testing critical support on the weekly time frame following a break of dynamic support that now acts as a counter trendline.  

The following illustrates the prospects of a downside breakout with the confluence of the bearish head and shoulders on the daily chart as follows:

Weekly chart

Daily chart

4-hour chart

From a 4-hour perspective, the price needs to break the dynamic support as well as the horizontal.