These swings have been a slant decline on both daily and monthly charts, the relevant resistance and support levels within this are properly correlated with the leading oscillators. So, we don't observe any considerable deviation whenever it hits the channel resistance and supports.
As and when the pair has rejected several times at the channel resistance bears have evidenced considerable dips towards channel baseline. And it has witnessed supports at such juncture to bounce back again (see yellow colored circles).
So contemplating the previous 2 month's uptrend, we now reckon that this pair had taken a brief pause in last 2 months while dips taking place again, dips from last month's highs of 0.7548 to this month's lows of 0.6806 levels where bears have begun being alert to push southwards way below 21DMA on monthly.
In between this phenomenon it confirms us the clear to prolong as we synthesize both analysis in different time frames.
So, even if it bounces little upward you can't deem this as continues flows in the same direction but instead its better shorting opportunities as long lasting loses hold sturdy in near future for the southward targets at 0.7064.