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Market Impact: 0.18
BRZU Crosses Above Key Moving Average Level
Source: Nasdaq
Market Technicals & FlowsEmerging MarketsDerivatives & Volatility
Direxion Daily MSCI Brazil Bull 2X ETF (BRZU) rose about 4.6% on Wednesday and traded as high as $101.35, crossing above its 200-day moving average of $100.00. The technical breakout signals improving momentum in the leveraged Brazil equity ETF, though the development is unlikely to have broad market impact.
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