The prevailing prices of this APAC pair falls well below 21DMA that signifies the long term downtrend to prolong, while leading oscillators shows downward convergence to the price dips.
More importantly, the formation of exactly at peak of 1.0999 levels to break the baseline of the (see red colored circled area).
Leading indicators are clearly converging the ongoing price dips, trending downwards around 49.7801 (while articulating).
While %D crossover has been maintaining at 47 levels, selling sentiments are still lingering around this pair.
Hence, as we could foresee potential downside targets again upto 1.0856 in short term it is advisable to buy one touch delta puts on speculating grounds.