NZDUSD chart overview, bearish pressure

Pair NZDUSD formed a new this year's lower low at 0.63370; the last time we were at this level was in June 2020. Last Thursday, the NZD weakened sharply; the then high was at 0.65570. Very soon, the pullback started, and the pair dropped to the 0.63930 level on the same day. Friday was boring, and the pair moved in lateral consolidation with slight hints of continuing the bearish trend this week. That is what happened because the NZD has lost 0.90% of its value against the dollar since the beginning of trading. We are looking for potential support in the current lower zone 0.63300-0.63500. The NZD could return to the positive territory if it consolidates and climbs above 0.64000 levels. Such a move would erase the previous losses and form a solid bottom on the chart for the continued recovery of the NZD.