AUDUSD brewing opportunity

There is a very mature and well-established declining blue channel on AUDUSD with clear upper and lower bands. Breaking this channel upwards will present a good long opportunity with clear stop loss levels. I also showed two different support levels; the red one from June 2012 and the green one from October 2011. They may play a crucial role to end this declining channel. I showed two different scenarios just to make a shot but I wouldn't take a long position until this channel is broken. I will keep a close eye on it and keep you posted frequently. Hope it helps.