AUDCHF UP OR DOWN WITH THIS SETUP?

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AUDCHF has once again retested the significant resistance level identified within the hourly timeframe. This suggests a potential reversal, indicating that the price continues to regard the highlighted zone as a major selling area. Additionally, a triangle pattern has formed, but it's essential to await confirmation of a breakout before taking a position. Patience is advised, as there's also a possibility of an upward rally if the key structure and resistance are breached.