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USD/NGN Forecast: Can the Triangular Price Compression Breakout Towards ₦1,200?

USD/NGN Forecast: Can the Triangular Price Compression Breakout Towards ₦1,200?

The naira shocked the forex market in 2023 when it massively weakened against the dollar, sending USD/NGN upwards by as much as 77% in just two months.

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