AUD/NZD Price Analysis: Bulls and bears in battle on backside of trend

• AUD/NZD bears are in control on the front side of the micro trend.
• Bulls are trying to break the longer-term trendline. 

AUD/NZD is attempting to break the trendline resistance but might find resistance below 1.0750 and support might be calling in 1.0700 in the near term as the following illustrates. 

AUD/NZD daily chart

AUD/NZD is on the back side of the prior trendline resistance and an M-formation is forming which is a reversion pattern:

AUD/NZD H4 chart

The M-formation´s neckline aligns near a 38.2% Fibonacci level. 

AUD/NZD H1 chart

AUD/NZD bulls need to show up and get the price on the back side of the bearish trend on the hourly chart form above 1.0700 support area.