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Market Overview
The USD/NGN pair closed at 1446.38818 on December 3, 2025, reflecting a slight increase of 0.05% from the previous close of 1445.703. Despite a 5.57% decline over the past 30 days, the pair is currently in an uptrend, supported by the 20-day moving average at 1445.15, 50-day at 1445.15 (assumed same as SMA20 due to data limits), and 200-day moving average not provided. The RSI indicates moderate momentum, with nearest support around 1444.10 and resistance near 1447.51. No major upcoming events are noted, but market participants remain attentive to Nigeria’s economic indicators and oil export data. For information only.
Last Updated 12/4/25

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.