NZDUSD forex forecast in 4 hour chart
As per technical analysis, NZDUSD is moving in an Uptrend now and recover happening now.
As the covid-19 cases are increasing in thousands day by day.
As a separate island, New Zealand has recovered upto 98%
As of 20-April-2020, New Zealand ministry of health reported the cases : Out of 1105 cases, 974 people got recovered from corona as shown in the above image.
NZDUSD recover slowly from coronavirus impact
New Zealand started its lockdown measures in late March, shutting down companies, offices, schools and all non-essential services including bars, restaurants, cafes and playgrounds.
New Zealand move out of alert level 4 on April 27, a few days longer than the scheduled one-month lockdown, after which it will be in alert level 3 for two weeks, Ardern said in a news conference.
“On the recommendation of the Director General of Health, who is confident there is currently no widespread undetected community transmission in New Zealand, today we are able to take a balanced approach in transitioning through alert levels and restarting our economy,” Ardern said.
Due to this positive effect, New Zealand Dollar is getting stronger now fundamentally.
For checking total coronavirus cases in New zealand from their official health ministry site : https://www.health.govt.nz/
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