Despite the rather bearish analysis earlier today from Bloomberg, the AUD continues to grind higher and I suspect that all of the movement still has a lot to do with the big binary at .9475.
Whoever had the job of defending the option level will be busy buying back the sales they made at .9460 and I wouldn’t be at all surprised if they are not in fact going long so as to give themselves more defensive ammunition when the inevitable third test comes along.