Day after day, the Nigerian currency is losing itโs value. Here is a weekly timeframe analysis. Based on technical analysis, Naira broke itโs major resistance at 630/$ to $710 and pullback is needed to gain momentum for the next run up.
Therefore I expect a fall to 630/dollar before a rise to new price target at 800, 850, 900, 950 per dollar.
Not a financial advice๐ ๐ผโโ๏ธ Share your opinion in the comment sectionโ๏ธ Please support this idea with a LIKE๐ if you find it useful๐ฅณ
Happy Trading๐ฐ๐ฅณ๐ค
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Target at 800, 900 per dollar hit. Thanks for the support!!