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[sharechat] NZ$/US$

From:	Phaedrus <Phaedrus@techemail.com>
Date:	Thu, 25 Jul 2002 23:56:58 -0700 (PDT)

Steve,
      The 4-month-long trend of the NZ$ strengthening against the US$ is 
clearly over. Technically, you would have been out at about 0.485, with a 
moving average crossover reinforced by a Relative Momentum Index sell signal. 
The NZ$ broke below the confirmed trendline at about 0.48, and a new downtrend 
has been established. 
 Oscillators such as the RSI give excellent confirmation of the plotted 
signals, should you feel the need for it.
 
         Phaedrus.

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