Director-General of Health Dr. Ashley Bloomfield said on Thursday that for the 13th day in a row New Zealand has no new corona virus cases.

On Tuesday Prime Minister Jacinda Ardern of New Zealand said that the nation’s alert level could be reduced to 1 on June 10, meaning rules around physical distancing and mass gatherings will be removed, though strict border controls will remain in place to prevent any new infections arriving from overseas. Cabinet will make its decision on June 8. regarding the same. “Our strategy of going hard and early has paid off, in some cases beyond expectation,” Ardern told a news conference in Wellington. He also added that “In moving to level 1 so soon, we will be one of the first countries in the world to have experienced a COVID outbreak and then return to that level of normality so quickly.”

According to recent news, A new “game-changing” app released worldwide today aims to detect whether someone has Covid-19 before they develop symptoms. The app- dubbed alarm- has been created in New Zealand and Act leader David Seymour plans to push for Government support in Parliament next week.

In the US, Tens of thousands of protesters took to the streets of New York, Philadelphia, Atlanta, and Los Angeles, as well as Washington, DC, to protest against last week’s killing in Minneapolis of an unarmed black man at the hands of a white policeman. There is nationwide civil unrest in the US which has impacted all sectors of the economy in the US.

NZD/USD 4 Hour Chart:

Support:  0.6375 (S1), 0.6327 (S2), 0.6293 (S3).

Resistance: 0.6458 (R1), 0.6492 (R2), 0.6541 (R3).

Amid all these catalysts favoring Kiwi, New Zealand Dollars surged to the upside. There is a jump in Kiwi as risk appetite grew based on optimism about the global recovery. The positive sentiments of a fast global economic recovery from the collapse induced by the corona virus have increased the risk appetite among the traders and they started to concentrate on the riskier assets. Even the recent global stimulus like Hongkong autonomous, unrest civil in the US has given buyers this direction. We expect a buy trend for the pair.