Pair's ren-entry into the falling channel earlier this month followed by a failed attempt to take out channel resistance last week and rejection at daily 5-MA and 10-MA levels today indicates the currency pair could drop below thursday's low of 0.9588, thus opening up crucial support levels at 0.9500 and 0.9444 (May 3 low).
On the higher side, falling channel resistance needs to breached on day end closing basis in order to signal bearish invalidation.