NZD/USD Price Analysis: Bears testing critical support confluences

• 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.