AUD/NZD Price Analysis: Bears sink in their teeth for a test of 0.7020 support

• AUD/NZD bears are moving in for the kill and eye 0.7000. 
• The support is under pressure and break of which will likely seal the fate of the bulls. 

The price is on the verge of breaking into a bearish structure that can target the 1.0700/05 levels for the forthcoming hours while below 1.0720.

AUD/NZD H1 chart

Scrolling back along the timeline we can see that the prior bear trend broke up through the target area as follows:

This is an area of liquidity that the price would be expected to be drawn to. 

AUD/NZD M15 chart

Meanwhile, from a 15-min perspective, the price is chipping away at the support and a break of which will likely see it act as a meanwhile resistance on any retests from below it.