EWA Makes Notable Cross Below Critical Moving Average

iShares MSCI Australia ETF (EWA) traded down about 1.6% on Wednesday after crossing below its 200-day moving average of $27.78, with shares hitting as low as $27.66. The move suggests near-term technical pressure and a more cautious sentiment into the Australian equity basket.

Analysis

iShares MSCI Australia ETF (EWA) traded down about 1.6% on Wednesday after crossing below its 200-day moving average of $27.78, with shares hitting as low as $27.66. The move suggests near-term technical pressure and a more cautious sentiment into the Australian equity basket.