💥NAIRA AT A DEAD END- #620/$ OR #550/$

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Not a financial advice🙅🏼‍♂️

I expect Naira rate to either FALL towards #500-#540/$ OR RISE towards #600-#620/$

Right here is the Nigerian exchange rate against the US Dollar.

We have price in a symmetrical triangle approaching the dead zone when price can either break upward or downward.

Therefore, if price is to break upward, then Naira rate will increase towards 600 and 620 Naira per dollar.

But if price break downward, then Naira rate will decrease towards 500 to 550 Naira per dollar.

What do you think?

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