The ETF has some technical congestion currently, as the 50 day moving average (currently $20.95) has moved above its 200 day moving average (currently $20.83) within the past five trading sessions.
With this week’s volume in the CEW being the largest that we have noted in the fund in about 5 months, and institutions are obviously paying attention, we will watch closely to see if if the fund can muster a breakout from current levels.
WisdomTree Dreyfus Emerging Currency
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