Free-market US Dollar (USD/IRR) Sees Daily Decline Amidst Broader Bullish Trend

Market Summary

On August 2, 2026, the Free-market US Dollar (USD/IRR) closed at 1,910,000 IRR, registering a daily decline from its opening price of 1,911,050 IRR. The session's trading range was notably wide, with the currency reaching a high of 1,940,000 IRR and a low of 1,907,800 IRR. This marks one consecutive day of decline for the asset.

Market Analysis

Despite the daily pullback, the overall market structure for the Free-market US Dollar (USD/IRR) remains bullish. The current price of 1,910,000 IRR trades above its 20-day, 50-day, and 200-day Simple Moving Averages, reinforcing the prevailing upward trend. The asset is positioned relatively close to its 52-week high, approximately 2.06% away, and significantly above its 52-week low, by over 80%.

Looking at recent price action, the USD/IRR has demonstrated a general upward trajectory over the past month. For instance, from July 11 to July 18, the price advanced from 1,782,000 IRR to 1,945,000 IRR, followed by periods of fluctuation. The 30-day volatility for the asset is measured at approximately 1.44%. Key resistance for the USD/IRR is identified at 1,950,200 IRR, while support is established at 1,774,800 IRR.

Technical Highlights

Several technical indicators provide further insight into the USD/IRR's current state:

• Moving Averages: The Free-market US Dollar's price is trading above its 20-day SMA of 1,887,857.5 IRR, its 50-day SMA of 1,780,650 IRR, and its 200-day SMA of 1,606,668.45 IRR, which collectively underscore a bullish trend.
• Relative Strength Index (RSI): With a 14-period RSI at 58.02, momentum remains moderately positive, staying above the neutral 50 level without indicating overbought conditions.
• Moving Average Convergence Divergence (MACD): The MACD histogram, at -3,353.13, suggests that the MACD line has crossed below its signal line, indicating a potential short-term weakening of bullish momentum.
• Average Directional Index (ADX): The ADX value of 25.56 points to a moderate trend strength. The Plus Directional Indicator (+DI) at 33.85, being above the Minus Directional Indicator (-DI) at 24.59, supports the prevailing bullish direction.
• Supertrend and Parabolic SAR (PSAR): Both the Supertrend (1,838,901.15 IRR) and PSAR (1,855,628.0 IRR) indicators are positioned below the current price, with their directional signals confirming a bullish trend.

Conclusion

The Free-market US Dollar (USD/IRR) experienced a daily decline on August 2, interrupting a recent series of gains. Despite this short-term dip, the broader market structure, supported by the price trading above key moving averages and bullish signals from indicators like Supertrend and PSAR, continues to indicate an overall bullish trend. However, momentum indicators such as the MACD suggest a short-term weakening in the upward drive. The available market data alone do not indicate the underlying cause of the observed price movement.

Live rates

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