AUD/NZD Price Analysis: Bears seeking downside continuaiton towards 1.0280

• AUD/NZD is being held up by a layer of 4-hour support. 
• Bears are seeking a break of structure for a downside continuation towards 1.0280.

AUD/NZD bears are in charge from both a fundamental and technical standpoint and the following shows the prospects of a downside continuaiton for the coming days ahead.

AUD/NZD daily chart

The price is meeting a daily resistance that would be expected to lead to a downside continuation into the September lows and prior demand area. This is located between 1.0300 and 1.0280. 

AUD/NZD 4-hour cart

From a 4-hour perspective, however, the bears would be prudent to wait for a break of the support structure as follows and before committing to a less probable set-up:

As illustrated, the price is being held up by both the horizontal and dynamic trend-line support. However, a break of this area and a subsequent retest of the level would likely lead to a downside continuation to the daily target area mentioned above.