United Kingdom Industrial Production (YoY) above expectations (2.8%) in April: Actual (3%)

Ivan Delgado, Head of Asian Editors at FXStreet comments on he AUD/USD moves pointing out that following a period of consolidation inside the daily cloud, bulls managed to break back above the top of the cloud + kijun sen, with price now confronted with a key descending trendline coming off Oct 2013 high.