AUD/NZD Price Analysis: Bears lurking below weekly counter trendline

• AUD/NZD is lining up for a significant run to the downside. 
• The countertrend line is, so far, holding a restest.

AUD/NZD is on the verge of a bearish spell below the weekly counter-trendline resistance. 

The following illustrates the bearish bias across the weekly, daily and 4-hour time frames. 

Weekly chart

The restest of the resistance zone is what to watch for the sessions ahead. 

Daily chart

The bulls are pressing into the M-formations neckline which would be expected to resist and lead to a sell-off.

4-hour chart

Bears need to get below the support structure and 10 EMA on the 4-hour chart.