Hello everyone, compliment of the season. Considering the latest Nigeria Government policies on naira notes and injection of new naira notes, it can never be an over statement that very soon naira notes will be so scarce in circulation.
If those policies hold without its reversal, you will buy several dollars with your naira soon. I am looking at 1dollar to go for 300naira soon.
From my meticulous technical analysis here in my chart, we have a triangle pattern standing strong here. Price has bowed for 50 and 100Ma accordingly, only remaining 200Ma and by then you will all start to feel the real fall I am talking about.
All things being equal, new year 2023 is a naira year when the table shall be turn and naira become scarce, appreciated against dollar.
I have just talked based on the recent Nigeria Government policies on naira notes and what I see technically on the charts. Feel free to like this post and drop your comments.
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