U.S. DOLLAR / NIGERIA NAIRA
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USDNGN Weekly Chart Analysis – May 28, 2025

90

The likelihood of price retracing into this level is high before any significant move higher.


Retest Anticipation: The chart shows a projected retracement towards the key level around ₦1,549.48, which lies within the MSS zone. This level is now acting as potential support.

Bullish Scenario: Look for long entries upon clear bullish confirmation at the ₦1,549.48 level, with a potential target back toward ₦1,600–₦1,630.

Bearish Invalidator: A strong break below ₦1,540 could invalidate this setup and shift bias to a deeper correction.
交易結束:目標達成
Price reached Target as speculated.

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