NZD - Strong Bearish 1️⃣ The risk-off tone has hit high-beta currencies like the NZD. 2️⃣ Investors remain worried about China Evergrande Group’s unresolved debt crisis.
JPY - Weak Bullish 1️⃣ A gloomy market environment could benefit the JPY.
===== Technical =====
We are selling the NZDJPY after it failed to break the resistance.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.
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