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NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS

New Zealand Dollar / Japanese Yen (FX:NZDJPY)  
benny_marshall  
FX:NZDJPY   New Zealand Dollar / Japanese Yen
Trend Analysis Fundamental Analysis Wave Analysis NZDJPY elliotwaveanalysis fudamental Technical Analysis pattern DXY signals dailyanalysis forecast
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#NZDJPY

NZDJPY should be slightly SELL because the MARKET RISK is off now. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY.
Either way, NZDJPY should be a LONG TERM BUY.

Anyway, the PRICE can go down again on the NZDJPY MAIN SUPPORT, if the MARKET RISK remains in the OFF state, to the 79.56 LEVEL. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at 86.86 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK. Besides, the USD should be WEAK.
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