AUDCHF BEARISH CHANNEL LOOKING FOR A BREAKOUT

We've identified a robust bearish channel on the weekly timeframe, pinpointing a reversal at a significant support level. Despite recent bullish attempts, the price couldn't breach the upper boundary and the established key level, leading to a reversal back towards the support. To anticipate a substantial bullish reversal and a potential rally, confirmation is needed for a breakout above both the upper boundary and the key level.