Naira fights back claiming 10% as Nigeria Traders Panic

Yesterday's tradings was phenomenon for the naira traders as the naira has been on moon rampage as long as we can remember with continueous devaluation of the currency due to poor economics policies, war, politics and live style of nigerians, Most nigeria thinks once something is not expensive its not valuable and thats how we pushed our naira off the cliff centralizing every thing in the hands of incompetent managers.

The current government made one of the best decision to float the exchange rate and for one in nigerias existences the true strength of the naira can now be specualated by everyone in a uniform rate.

The price respected the 200 ema on the daily time frame finding support there and shifting aboving the line before closing on friday , will be expecting a volatile strong week we are at the end of tge year and everyone wants things fast.

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