The market has obviously been caught badly short on the AUD across the board, despite reports to the contrary from various Prime Broker positioning reports. AUD/NZD buying has picked up after the clean break above 1.0925 and only AUD/JPY is failing to join in.
That said, the 21-dma often works as a good medium-term pivot and we may well see option players starting to sell if this level once again provides a top.