turmaz
Long

Major Reversal to the upside in Aud/Usd is on hand

FX:AUDUSD   Australian Dollar/U.S. Dollar
268 2 1
IMO             the australlian dollar is on a major reversal to the upside, and i am expecting a massive move to the upside as early as next tuesday. which will eventually go to 0.9850/0.9930.
There is a lot of talk of aussie below 0.8700 but i strongly believe that it won't even go to fill the 14 weeks old gap at 0.8895. and i know A/U bears are very confident that it will go lower to fill the gap and then slowly below the 0.8800 level. Major reversal always happen when emotions are extreme. if you look closely AU is respecting the down corrective channel, which is corrective in nature not impulsive,

0.9500 level may give some resistance

Good Luck
Definitely a reversal, but certainly not that much I would expect top of the channel, Fed taper is coming for sure, december or 1Q of 2014. There's just not enough time for .93+ anymore.
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reversal ahead of FOMC? could be dangerous.
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