Technically, looking at the daily chart, the price action has seen the pair cracked below the July and September lows near the 73.965 level and 73.977 (July and September low respectively- see green numbered circles). The current price is trading at 73.602. Stay below those levels keeps the bears more in control.
On the downside from the daily chart, the next target comes in at the 200 day moving average at 72.783. Just below that is a swing area between 72.38 and 72.692 (see red numbered circles.
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