US Redbook index (MoM) grows 0.3% and (YoY) increases 3.8%

Axel Rudolph, Senior Technical Analyst at Commerzbank notes that AUD/USD’s decline over the past few days has taken it to below the mid-July low at 0.8999 and the breached downtrend channel line, now at at .8910, fell to 0.8932, before recovering.