Is the red one with Audyssey? If this is for the subwoofer, it shouldn't roll off that much from 40 to 20 Hz. You may want to turn the volume by 10 to 15 dB just to see if the curve would look flatter. By the way, what kind of sub is that? While I agree with William on the 1/6 smoothing, I prefer to use 1/24 smoothing for the time being, so we can do better diagnostics if necessary.
You can use the App to reshape the target curve, but it would likely not do much, if anything at all to the dips, but you should be able to improve the bumps a little, though still won't be by much.
Attached is a captured graph from my photo inventory, that shows Audyssey On vs Off, Subwoofers only, 1/24 smoothing. It may not be the best one I have as I just pick one randomly. You can see that with Audyssey on (Reference curve), the 15-100 Hz range is much smoother. Many would say people don't prefer "flat", but I believe flat is a good starting point, from there, we can tweak things to our liking.
By the way, you can see the 20 Hz roll off. I have not run REW since the update that removes the roll off.
View attachment 29296